Yahoo Autos Volvo to convert all SUVs and sedans into EVs, develop electric luxury van
Volvo Cars is gearing up for an electric blitz to convert all its mainstay models — three SUVs and two sedans — into electric vehicles and to introduce a luxury electric van aimed at boosting sales in Asia, two people with knowledge of the plans said.
The Swedish carmaker, 82%-owned by China’s Zhejiang Geely Holding Group, is expected to launch at least six new battery electric vehicles through 2026, the two people told Reuters.
Volvo has announced an objective to make its entire lineup fully electric by 2030. The company’s Australia unit has said it plans to sell only EVs in that market by 2026.
The previously unreported product plans amount to the largest revamp of Volvo’s model line-up since Geely acquired the brand from Ford in 2010.
Under Geely, Volvo initially started to share technologies such as car platforms with Geely.
The makeover for Volvo, a Swedish brand that built a reputation for safety and utilitarian design, follows from a greater focus on customer trends in Asia and a push to win sales there, the people said.
The two people with knowledge of Volvo’s planning asked not to be named because details have not been announced by the company. Geely declined to comment.
