Volvo Cars expects China sales in 2019 to grow 14% YoY

Shanghai (Gasgoo)-Volvo Cars’ sales in China are expected to rise 14% year on year, according to Li Hai, vice president in charge of the automaker’s procurement in the Asian-Pacific region.   

In the first ten months of the year, the subsidiary of the Chinese automaker Geely sold 568,663 cars across the world, up 8.1% compared with the same period last year. Sales in China during October reached 14,039 cars, surging 26.7% year on year. 123,551 cars were sold in China from Jan. to Oct., up 15.2% from the year ago period. The strong sales growth in the region was contributed by the locally produced XC60 and the S90, according to the brand.

Besides, the Sweden-headquartered brand emphasized again that it is targeting a 40% reduction in the carbon footprint of each Volvo-badged vehicle by 2025 as it makes efforts to become fully climate neutral by 2040.

The company launched full electrification strategy in 2017 and ever said all new models would be equipped with electric motors from 2019 on. It bids to reach the 2025 targets partly through generating 50% of global sales from fully electric cars with 1 million new energy vehicles delivered.  

Up to now, the majority of Volvo’s electric vehicles are plug-in hybrid versions, such as the S90, the XC60, and the XC90. However, the launch of the XC40—Volvo’s first all-electric model—marked its journey to this segment (photo source: Volvo Cars).