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Volvo Confirms EV Plan for China

#asia #Geely #Volvo


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Volvo Car Corp. confirms a report last week that it has chosen China as the site to build its first all-electric vehicle and begin shipping it worldwide in 2019.

The company has not revealed whether the EV will be a car or crossover vehicle. But it confirms the model will ride on Volvo’s “compact modular architecture” for small cars. Volvo, a unit of Zhejiang Geely Holding Group, says it also is developing a larger fully electric car that will utilize the company’s “scalable product architecture.”

Volvo reiterates its goal of selling a cumulative 1 million electric and hybrid cars by 2025. The company intends to offer a plug-in hybrid option for every model it makes.

Volvo current produces cars at three factories in China: the 40 series small hatchback in Luqiao, the midsize 60 series in Chengdu and large 90 series car in Daqing.

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