On February 7, Volvo released its January sales report. The company sold 47,561 vehicles globally in January, down 20.2% over the same period. While production continues to gradually improve, parts shortages will remain a constraint for Volvo Cars and the auto industry as retail deliveries are restrained as more cars are in transit.
It is reported that although Volvo’s sales in all regions have decreased compared with the same period last year, the total sales of new energy RECHARGE series models have increased, and the global sales trend is hot. In January, global sales reached 15,071 units, an increase of 11.5% year-on-year. It accounted for 31.7% of the total global model sales, a record high, of which the sales of pure electric models more than doubled.
In terms of sub-regions, in January, Volvo sold 18,691 units in Europe, down 24.8% year-on-year, of which RECHARGE models accounted for 53.1% of the total European sales; in China, the company sold 14,629 units, down 23.6% year-on-year, and RECHARGE models increased by more than 20% year-on-year. 28%; in the U.S., company sales reached 7,110 vehicles, down 12.8% year-on-year.
Battery.com has learned that, as the first luxury car company in the world to release a comprehensive electrification strategy, Volvo has put forward the goal of comprehensively transforming into a pure electric luxury car company in 2030. At present, in the Chinese market, the company has achieved the electrification layout of all models. All Volvo models, including the 40, 60 and 90 series, have electrified products, providing a variety of power options including pure electric models, plug-in hybrid models and mild hybrid models. In 2021, the full-year sales of 2019-2000 hybrid models have already ranked among the top three in the luxury car market.
In addition, Volvo is also actively deploying electrification in Europe. On February 4, the company announced that it will build a new battery manufacturing plant with Northvolt in Gothenburg, Sweden, which will start operations in 2026 and produce state-of-the-art batteries developed for the next-generation all-electric Volvo and Polestar vehicles. . The plant will have a potential annual battery capacity of up to 50GWh, enough for about 500,000 vehicles. The two companies had previously announced the creation of a research and development center in December last year, with a total investment of about SEK 30 billion for the two projects.
Henken Samuelsson, President and CEO of the Volvo Group, previously said: "The batterypartnership with Northvolt is key to our electrification strategic goals. We are committed to becoming a leader in premium electric vehicles. By 2030 In 2018, we will only sell pure electric vehicles."
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