According to media reports, Volvo has forged a deal with LG Electronics to jointly develop new cars, with a focus not only on electric drive, but also autonomous technology.
Volvo Concept 40.2 front quarter low
LG Chem is already supplying batteries to Volvo, so the Korean company could become a 'one stop shop' for the company in the future, much like in case of GM's Chevrolet Bolt EV.
"Volvo is most likely to establish a strategic partnership with LG Electronics to co-develop key technologies from an early stage rather than simply receive related components from the Korean tech giant."
The first long-range all-electric Volvo is scheduled for production around 2019, with range is expected at least 500 km/310 miles (NEDC - which means about 375km/225 of real world range in all likelihood).