At the end of the presentation of the new large EX90 model, Volvo announced with this picture a smaller electric SUV car that will be important in the future because it will be much more affordable than its big brother.
Director Jim Rowan said it will be “a city car for the younger population who can afford it and for whom it will be their first Volvo”. Rowan said the goal is to keep customers of this model loyal to Volvo and continue to use the brand’s models, such as the new EX90. A large SUV is not a likely option for first-time buyers of this brand, since its starting price is around 100,000 EUR.
In Europe, Volvo’s sister brand Lynk & CO sells the plug-in hybrid model 01, which is a derivative of the Volvo XC40, and which can be purchased in Germany with monthly installments of 550 EUR.
The next electric Volvo will be important in achieving the company’s goal of selling 600,000 battery vehicles by 2025. In the first ten months of this year, Volvo sold around 40,500 cars.
The Swedish brand has recently had a lot of success in the segment of smaller cars. The XC40 was the second best-selling model in 2019 in its category globally, and it achieved this result two years after its premiere. The XC40 today accounts for 26% of the brand’s global sales.
Source: Nacionalna Klasa by www.nacionalnaklasa.com.
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