Volvo Celebrates Best Decade E'er Nether Geely Ownership

Volvo Cars has its eyes firmly assault the hereafter every bit it celebrates the 10-year anniversary of its acquisition yesteryear Zhejiang Geely Holding (Geely).

The fellowship has seen a consummate transformation of its trouble concern nether Geely ownership, changing from a purely European theater to a really global in addition to rigid thespian inward the premium automobile market, racking upwards tape sales, revenues, in addition to profits along the way.

As it looks dorsum on 1 decade in addition to ahead towards a novel one, Volvo Cars volition construct on this foundation every bit it aims to give-up the ghost a leader inward electrification, autonomous drive, in addition to novel mobility models, spell forging always closer cooperation amongst its sis brands nether the Geely umbrella.

In the coming years Volvo Cars aims to found itself every bit a leader inward electrification in addition to yesteryear 2025, it wants one-half of its global sales book to consist of fully electrical cars, amongst the residual hybrids. These cars volition hold upwards utilization of a novel generation of Volvos based on SPA2, the successor to its successful modular vehicle architecture.

It besides aims to found millions of straightaway consumer relationships through novel forms of mobility, in addition to it expects to play a leading utilization inward the prophylactic introduction of autonomous crusade technologies.

These in addition to other ambitions convey been made possible in addition to credible thank you lot to the institution of a sustainable in addition to profitable trouble concern model over the yesteryear decade, providing Volvo Cars amongst a solid platform for farther growth.

Following its separation from Ford Motor Company inward 2010, Volvo Cars in addition to Geely mapped out a novel hereafter for the Swedish brand, based on a few key edifice blocks: technical independence, a global manufacturing footprint, a strengthened prepare identity, in addition to arms-length governance yesteryear Geely.

Starting inward 2014 amongst the XC90, the fellowship completely renewed its production portfolio amongst a attain of brand-new SUVs, sedans, in addition to wagons. All novel models are based on the Volvo-developed SPA modular vehicle architecture or on the CMA modular architecture, co-developed betwixt Volvo in addition to Geely.

Its novel model portfolio has proven to hold upwards a global success, delivering half-dozen consecutive sales records in addition to tape profits—in 2019, Volvo Cars sold to a greater extent than than 700,000 cars for the showtime fourth dimension inward its 90+ years of existence.

The fellowship besides expanded its manufacturing in addition to R&D network across the globe: spell it started out amongst 2 manufacturing plants in addition to an engine works life inward Europe, it at nowadays has 4 additional manufacturing sites in addition to an R&D pump inward China, every bit good every bit a automobile works life inward the United States.

Influenza A virus subtype H5N1 rejuvenated Volvo prepare in addition to design, focusing on premium proportions in addition to embodying a Scandinavian identity unique inward the automotive industry, has besides driven the fellowship to novel heights in addition to firmly established it every bit a fully-fledged choice inward the premium segment.