SUVs have a majority stake in Volvo sales, but CEO Håkan Samuelsson announces that the company will not leave the S (sedan) and V (station wagon) models.
This practically means that there will be a replacement for the current S60 / V60 and S90 / V90 models, but probably in fully electric form. More precisely, Samuelsson is for the British Coach stated that these models “will be replaced by something even more attractive to customers”.
The outgoing CEO believes that Volvo still needs “lower cars with a more conventional body size” in addition to their high-ranking SUVs, adding that the next generation of sedans / caravans could be “a little less square” to improve aerodynamics.
Samuelsson’s new comments differ from last year’s when the CEO hinted at the possibility of removing at least some sedans and caravans from Volvo’s offer in favor of more SUVs.
Volvo has also announced that it will introduce a new naming strategy for its entire line, replacing alphanumeric model designations with real names. This means that the S, V and XC labels will soon disappear, signaling a new era for the brand.
SUV models, including the C40 Recharge, XC40, XC60 and XC90, currently account for 75 percent of Volvo sales. For example, the XC60, which is currently Volvo’s best-selling, sold in more units between January and November 2021 than the S60, V60, S90 and V90 combined. In this context, the Swedish company owned by Chinese Geely will soon expand its SUV range with the smaller model discussed, with the preparation of the successor to the XC90.
Volvo has also pledged to become an only electric brand by 2030, eliminating all models with SUS engines, including hybrids. The carmaker plans to increase its annual EV production capacity from 15,000 units to 150,000 by next fall, on track to reach a 50% milestone in EV sales by 2025.
Ivan Mitic – Autoblog.rs
Source: AutoBlog by autoblog.rs.
*The article has been translated based on the content of AutoBlog by autoblog.rs. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!