Volvo, which made significant gains from electric car models last year, announced that it will triple the production of electric vehicles at its Ghent factory in Belgium by 2022.
Volvo says its future will be electric
The Ghent factory, where the Swedish car brand’s first EV model, XC40 Recharge, and XC40 plug-in hybrid versions were produced, is also preparing to produce new zero-emission Volvo based on the CMA architecture from the end of the year.
“Our future is electric and customers will enjoy what they see from our rechargeable cars,” said Javier Varela, Global Head of Industrial Operations and Quality, Volvo, who spoke about electric cars. Varela also stated that the Ghent factory will be a true pioneer for the global production network.
In addition to all these developments, Volvo is looking to achieve half of global sales from electric car production by 2025. In addition to the new EV, which will go into production in Belgium in the coming months, Volvo is expected to launch several other partially electric vehicles.
Global pandemic has also affected Volvo
Volvo, which sold 661,713 vehicles worldwide last year, experienced a 6.2 percent decline compared to 2019 with the global pandemic. However, the automobile brand, which took off in the second half of the year, showed an increase of 7.4 percent in sales with 391,751 units.
While the best-selling model was the XC60 with 191,696 units, the XC40 took the second place with 185,406 units. The XC90 was the third best-selling Volvo, with 92,458 units.
Across the country, Europe was Volvo’s largest market, with sales of 287,902, 15.5 percent less than 2019. Increasing by 7.5 percent, the Chinese market sold 166,617 cars, while the US market sold 110,129 cars with an increase of 1.8 percent.