Volvo Cars aims to boost global sales more than 70 percent to 1.2 million by 2025, with half of those models being full electric and 50 percent of its transactions to be done online. CEO Jim Rowan said the Swedish automaker’s next model, a small electric SUV that even he now refers to as the EX30, will be a “big part” of achieving the targets. The former Dyson executive, who took charge at the automaker in March, also outlined why it is critical for Volvo to become an expert in software and silicon. He discussed this as well as Volvo’s plan to keep upgrading and selling its XC90 flagship SUV despite the arrival of its range-topping EX90 electric SUV with Automotive News Europe Managing Editor Douglas A. Bolduc.
November is nearly done, and you probably have visibility on your orders for the rest of the year and early 2023. Are you on track to match your 2021 full-year sales?
As we said during our last earnings call, we are tracking towards having lower wholesale and retail volumes than 2021. [Volvo sold 698,693 cars globally in 2021.]