.VolvoGroup reveals the next chapter of its electrification strategy. VolvoCar_SA ElectricVehicles Volvo
Volvo Group says it is accelerating its electrification strategy to meet its target and take advantage of the opportunities presented by the automobile industry’s shift to emerging technologies.
Speaking yesterday at the Volvo Group’s Capital Markets Day event, the group’s president and CEO Martin Lundstedt outlined the major business opportunities in the ongoing technology shift that is expected to accelerate Volvo’s sales growth. “In this changing landscape, we can lead the transformation and provide increased value for our customers and embark the Volvo Group on a growth journey driven by electrification, autonomous solutions and new productivity services. We are geared for growth.”the Volvo XC40 P8 Recharge to local shores.
Lundstedt went on to note that through the rollout of more electric vehicles, the company looks to increase the total vehicle and service revenues per unit by more than 50% over the lifecycle.
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