Volvo launching six EVs by 2026, together with two sedans – report

Volvo will launch not less than six new electrical automobiles earlier than 2026 as the corporate strikes in the direction of its purpose of a wholly electrical lineup by 2030.

Reuters has obtained the data from two sources with data of Volvo’s future plans.

The electrification plans reportedly embody the substitute of three SUVs and two sedans from Volvo’s current lineup with EVs, in addition to the introduction of an electrical folks mover aimed on the Asian market.

The S60 and S90 sedans and XC40 and XC60 crossovers will reportedly obtain electrical replacements.

The EX90, the primary of Volvo’s upcoming electrical automobiles, has already been introduced and confirmed for Australia. The crossover SUV was introduced final yr and might be obtainable in early 2024, appearing as a substitute for the seven-seater XC90.

The EV folks mover was teased earlier this yr by Qin Peiji, president of Volvo Vehicles Larger China Gross sales Firm, and is predicted to be revealed in ‘semi-concept’ within the third quarter of this yr and launched by the top of the yr.

The folks mover is claimed to be based mostly on the Zeekr 009, one other mannequin from a Geely-owned model that’s particularly aimed on the Chinese language market.

Like many different Volvo automobiles, together with the upcoming sedan EVs, the event of the EV folks mover will reportedly happen in Volvo’s new Shanghai analysis and growth hub.

The sources instructed Reuters the electrical makeover of the Volvo product line additionally comes from the corporate’s want to position “a better give attention to buyer developments in Asia and a push to win gross sales there.”

It’s unclear what the long run is for Volvo’s V60 and V90 wagons. This physique fashion stays comparatively standard in Europe, however dramatically much less so in markets like China and the US.

Volvo Automotive Australia managing director Stephen Connor mentioned the native division might be able to make the bounce to a full EV line-up by 2026, 4 years forward of the model’s world purpose.

Chinese language auto big Geely owns an 82 per cent stake in Volvo, and the electrical revamp would be the largest reconfiguration of the Volvo line-up for the reason that acquisition in 2010.

Volvo Australia is transferring steadily in the direction of its EV future, and in December it offered extra pure EVs than ICE automobiles.

It at the moment gives simply two electrical automobiles: the XC40 Recharge and C40 Recharge.