Sweden has created its fair share of global brands, but none with a reputation as good as Volvo Cars, when it comes to passenger safety. Volvo cars is an automotive manufacturer based in Gothenburg, Sweden. The Volvo Group has a long history of success and was established in 1927.
Since then the company has had multiple owners, to include the US based, Ford Motor Company. Its current owner is a Chinese automotive behemoth, Geely Automobile, which acquired Volvo Cars in 2010. Geely also owns the automotive brands Lotus Cars and Polestar.
Volvo Cars was one of the first mainstream OEM’s to commit to a push towards zero-emission road transportation. In 2017, the company announced its intention to ‘electrify every car in our range’. Volvo is not new to ‘electric propulsion’ and has already deployed a test fleet of battery-electric vehicles (BEVs) in 2010 and had launched the first plug-in hybrid diesel cars in 2012. Volvo Cars Recharge is the sub-brand for all electric vehicles (EVs) developed by the automotive company.
The automotive manufacturer has an ambition to achieve 50% sales from pure electric cars and the remaining 50% from plug-in hybrid electric cars by 2025. The company is also committed to becoming ‘climate neutral’ across the value chain by 2040. The Volvo electric vehicle (EV) current portfolio includes