Volvo Car Group, adding its strategic subsidiaries Lynk and Polestar, produces cars on the Compact Modular Architecture (CMA) platform, launched in 2017. At the end of July, more than 600,000 of the group’s cars were sold on the platform.
The CMA platform, jointly developed through Volvo Cars and Zhejiang Geely Holding (Geely), is an example of joint development, production and acquisition since Geely acquired Volvo Cars on August 2, 2010.
The platform debuted in 2017 with the popular Volvo XC40 and, due to its modular design, was used to create the Lynk -Co 01, 02, 03 and 05, as well as the purely electric Polestar 2020 and Volvo’s first. electric model, the XC40 recharge.
Deliveries to the new CMA-based Polestar 2, which will begin in August, will continue to drive sales on this successful platform.
“We are incredibly proud of these sales figures for our CMA cars,” said Håkan Samuelsson, chief executive at Volvo Cars. “We have had ten very successful years with Geely and we will continue to leverage the excellent partnerships we have created within the group to pave the way for further growth and synergies.”
Since the acquisition of Geely ten years ago, Volvo Cars has absolutely revamped its portfolio of SUVs, domain names and sedans, and has the first manufacturer of classic cars to interact in general electrification, backed by the advent of its recharge diversity. Diversity offers a PHEV option on all Volvo car models, with the goal that by 2025, part of its overall sales volume will consist of all-electric cars, the rest hybrids.
The CMA platform is the foundation of the new Volvo XC40 refill; the first in Volvo’s all-electric recharge range. Deliveries for the XC40 recharge will begin this fall.
“Volvo Cars is more powerful today than ever,” Samuelsson said, “and we still have a lot to do. We are excited to see that our line of all-electric vehicles enters the market, led through the XC40 recharge, and we will continue to do so by investing in electrification, new technologies and long-term mobility solutions.
Over the past decade, Volvo Cars has transformed its business to become a truly global player in the automotive industry. It has grown its global sales from 449,255 in 2011 to over 700,000 in 2019, more than doubled its revenue from SEK 126 billion in 2011 to SEK 274 billion in 2019, and strengthened its operating profit from SEK 1.6 billion in 2011 to SEK 14.3 billion in 2019.
The company has also expanded its production and network of studies and progression around the world: although it has two production plants and a motor factory in Europe, it now has 4 additional production sites and a study and progression center in China, as well as a plant production in China.
In the coming years, Volvo Cars aims to identify itself as a leader in electrification and, starting in 2025, will be part of its global sales volume of all-electric cars, the rest hybrids.
It also aims to identify millions of direct relationships with consumers through the new mobility bureaucracy, and hopes to play a leading role in the advent of autonomous driving technologies.
These and other ambitions have become imaginable and credible by building a sustainable and successful business style over the past decade, offering Volvo Cars a platform forged for long-term growth.
SOURCE: Volvo Cars
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