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

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).

source: Pulse by Maeil Business News Korea