XC40 sits on EV model of modular CMA system
Geely’s Volvo Vehicle Team, like affiliate marketers Lynk & Co and Polestar, said above 600,000 group autos based on the Compact Modular Architecture (CMA) system, released in 2017, have been sold.
The CMA system, co-developed by Volvo Autos and Zhejiang Geely Holding (Geely), is a joint development, creation and procurement assignments reached considering that Geely’s acquisition of Volvo Autos on two August 2010.
The system appeared in 2017 underneath the hugely well known Volvo XC40, and because of to its modular structure, was applied for the Lynk & Co 01, 02, 03 and 05, as very well as the pure-electric powered 2020 Polestar two and the XC40 Recharge P8 EV.
“We are amazingly happy of these gross sales figures for our CMA cars,” said Hakan Samuelsson, chief executive at Volvo Autos. “We have experienced ten quite thriving a long time with Geely and we will continue to leverage the excellent partnerships we have established within just the Team to pave the way for further more advancement and synergies.”
Considering that the acquisition by Geely ten a long time in the past, Volvo Autos has totally renewed its product variety of SUVs, estates and saloons, and turned the to start with traditional car maker to commit to all-out electrification, supported by the introduction of its Recharge variety.
The variety delivers a PHEV selection on all Volvo car models with the intention that by 2025 fifty percent of its worldwide gross sales volume will consist of absolutely electric powered cars, with the rest hybrids.
Above the previous ten years, Volvo Autos has transformed its business to turn out to be a genuinely worldwide participant in the automotive business. It has grown its worldwide gross sales from 449,255 in 2011 to above seven-hundred,000 in 2019, additional than doubled its income from SEK126bn in 2011 to SEK274bn in 2019, and strengthened its operating profit from SEK1.6bn in 2011 to SEK14.3bn in 2019.
The organization also expanded its production and R&D network across the globe: though it started out with two production crops and an motor plant in Europe, it now has 4 additional production sites and an R&D centre in China, as very well as a production plant in the United States.