Soon the Swedish company’s first full electric, Volvo XC40 Recharge P8 is expected to roll on production lines. Volvo Cars has launched a completely new battery assembly line at Ghent plant in Belgium.
Within the next five years, Volvo Cars will launch a purely electric car every year. The Swedish company predicts that by 2025 electric models will make up 50% of its sales worldwide, with the rest being hybrid.
Earlier this year, the company announced plans to build a series of battery assembly at its U.S. factory outside Charleston, South Carolina. Construction of this assembly series is expected to begin in the fall.
A year ago Volvo Cars signed long-term agreements with two world-leading battery suppliers, CHINA’s CATL and South Korea’s LG. The agreements provide for the supply of batteries for the next decade to supply Volvo and Polestar models, including the XC40 Recharge P8.
Each Volvo model includes a Recharge option, from the small XC40 SUV and the 60 Series cars, to the company’s flagship, the large XC90 SUV. Volvo Cars is the only car manufacturer that offers a plug-in version in every model in its range.