Manufacturing News

Volvo sales boosted by locally made vehicles

Volvo Car Group says its China deliveries jumped nearly 30 percent year on year to 10,744 vehicles in September on strong demand for locally produced models.

For the month, the Swedish carmaker said it enjoyed robust sales of the XC60 crossover, S90 sedan and stretched S60 sedan, all of which are made in China.

For the first 10 months, Volvo sales jumped 30 percent to 93,085 vehicles.

Now that sales of vehicles powered by fossil fuels are growing strongly, Volvo is preparing to jump into China’s electrified vehicle market.

Last month, Volvo introduced its Polestar EV brand in Shanghai. Its first model will be the Polestar 1, a sport coupe with a plug-in hybrid powertrain that can generate 600 hp and 738 pound-feet of torque.

Volvo is building an EV assembly plant in Chengdu. Production of the Polestar 1 will begin in 2019, with a second model scheduled to debut later that year.

Volvo and its corporate parent, Zhejiang Geely Holding Group, plan to invest 5 billion yuan ($752 million) in the brand.

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