Volvo Commits Solely to Electric Vehicle Development in Coming Years
In the upcoming fall, Thomas Ingenlath, the former Senior Vice President for Design at Volvo, will unveil details about the company's new standalone electric vehicle brand, Polestar.
Volvo, a Swedish automaker, primarily manufactures vehicles in Gothenburg, Sweden; Gent, Belgium; and two Chinese plants. The company is renowned for its commitment to innovation, particularly in the realm of electrification.
Volvo has announced plans to release five electric models by 2021. These include the XC40 Recharge, the upcoming C40 Recharge, the EX90, and two additional electric models related to their global electric vehicle architecture. While the exact models may vary in sources, these key vehicles are part of Volvo's push toward electrification by 2021.
Two of these electric models will be developed and built by Polestar, Volvo's performance division that has been transformed into a standalone electric vehicle brand.
Ingenlath's leadership of Polestar is significant, as he brings a wealth of experience in design and innovation to the new brand.
Volvo is phasing out the development of new petrol engines and is committing to electric powertrains, having already ceased the development of new diesel engines. The company is also investing in plug-in hybrid technologies with both petrol and diesel support.
By 2019, all newly developed models by Volvo will feature an electric motor, and the company plans to introduce five pure electric models between 2019 and 2021.
In addition, Volvo is exploring 48-volt mild hybrid technology to reduce fuel consumption through regenerative braking. Some current models with petrol engines may be supplemented with an electric motor.
The location of the new production facilities for Polestar is yet to be announced. However, it is expected that Polestar will be a competitor in the growing global market for electrified high-performance cars.
In fact, a key figure in the company, unnamed in the provided information, has stated that Polestar will be a true competitor.
Volvo is also offering jobs in the field of vehicle technology, with 11 positions mentioned, although specific job titles and details are not provided.
By 2025, Volvo aims to sell one million electrified vehicles, demonstrating their commitment to a sustainable future in the automotive industry.
This move towards electrification and the establishment of Polestar as a standalone brand marks a significant shift in Volvo's strategy and positions them as a leader in the electrification movement.
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