Volvo Confirms That Its First EV Will Be Made In China, Plans 1 Million Sales Globally By 2025

6 months ago by Mark Kane 8

Volvo CMA Battery Electric Vehicle Technical Concept Study

Volvo has confirmed all the recent media revelations about the production of its first series, all-electric model, which is to be built in China.

The new model, based on the Compact Modular Architecture (CMA) for smaller cars is to be available from 2019 globally.

Volvo CMA Battery Electric Vehicle Technical Concept Study

Volvo sales target for its all-electric and plug-in hybrid vehicle business (both on CMA and SPA platforms) is 1 million units by 2025.

“Volvo Cars, the premium car maker, will build its first fully electric car in China, the company announced today at Auto Shanghai in China.

The all new model will be based on Volvo’s Compact Modular Architecture (CMA) for smaller cars, and will be available for sale in 2019 and exported globally from China, Volvo said.

The decision to make its first electric car in China highlights the central role China will play in Volvo’s electrified future and underlines China’s growing sophistication as a manufacturing centre for the automotive industry.”

“China is the world’s largest sales market for electrified cars and has ambitious targets to expand sales of fully electric and hybrid cars in order to address congestion and air quality issues in its cities.”

“Volvo has three manufacturing facilities in China in Daqing, which makes its 90 series cars, Chengdu, which makes its 60 series cars, and Luqiao, which will make its 40 series cars.”

Håkan Samuelsson, chief executive of Volvo Cars said:

“Volvo Cars fully supports the Chinese government’s call for cleaner air as outlined in the latest five-year plan. It is fully in-line with our own core values of environmental care, quality and safety. We believe that electrification is the answer to sustainable mobility.”

Tags: , ,

8 responses to "Volvo Confirms That Its First EV Will Be Made In China, Plans 1 Million Sales Globally By 2025"

  1. CLIVE says:

    We’ll see

  2. Rob Stark says:

    1M PHEV/BEV by 2025 is a nebulous target that can easily be walked back in 5 years.

    Or they can be making 800k compliance PHEVs with 5 kWh packs for the Chinese market.

    A hard 5 year BEV target is a real commitment to the electric vehicle revolution.

    1. Viktor says:

      What I have read there target is 1 million electric, plug-in hybrids and hybrids sold until 2025, they should at least had drop hybrids from that target.

    2. Mikael says:

      China demand 50 km range for PHEVs today and are demanding up to 12% BEVs by 2020.

      Europe is the current PHEV compliance market (where ~9kWh is enough today), and that will not cut it with WLTP and tougher emission reductions.

      Volvo is a plug-in leader of traditional western car manufacturers and are well prepared. They will have no problem getting to 1 million plug-ins by 2025.

  3. Hauer says:

    All those targets by all teh traditional car companies are so low it is a joke.

    1. Mikael says:

      That is eight years away. Volvo are selling ~500k vehicles per year.

      1 million would be ~25% of total sales until then.

      They are “only” at 5% today so they need to be at at least 30-40% of sales by 2025. compared to the other car manufacturers it is pretty high. But they (as all others) will probably have to revise it upwards.

  4. bogdan says:

    And how many sales do they target by 2050?
    Oh, wait, they don’t plan to live that long…

  5. Hauer says:

    BS.