Volvo has announced that it plans to release electric car models in China by 2019.
According to a report by Phys.org, Volvo–which currently has three factories in China–was the first automaker that exported Chinese-made cars in the United States. In a Shanghai auto show, the Chinese-owned Swedish company said that the model will be based on the CMA platform that it shared with Chinese company Geely (which bought Volvo from Ford in 2010).
“It will be for global export. So it is built from the start to work all over the world,” said Volvo’s senior vice president for research and development Henrik Green.
Earlier this year, it was reported that the company has confirmed plans for its first all-electric vehicle. The plan is to sell the vehicle in the U.S. for a price range of $35,000 to $40,000.
According to Electrek, the vehicle will have at least 250 miles of range, which would make the company competitive with the Chevy Bolt EV and Tesla Model 3.
Another report said that Volvo’s new vehicle will be made at the company’s plain in Luqiao, southeast China.
No final details have been confirmed yet, the new vehicle is expected to be based on a concept that Volvo unveiled in 2016—either an SUV or a sedan. It is also expected to be distributed worldwide.
China’s electric vehicle market
China continues to aim to be a leader in electric vehicle production and help clean up the alarming smog problem. The Chinese government has also even dictated that electric/hybrid vehicles should make up a manufacturer’s sales by 2020.
According to China Briefing, the country is the largest electric vehicle market, with around 352,000 new electric vehicles registered last year.
Automakers continue to develop models that will appeal to the Chinese buyers. The automakers featured at the recent Auto Shanghai 2017, for instance, reportedly had an electric vehicle concept.
“It’s clear that China wants to take a leading role globally in terms of the regulatory environment and electrification,” said David Schoch, Ford’s Asia-Pacific president.
China’s vehicle exports
A number of Chinese automobile companies have expressed interest in entering bigger markets in developed countries, but they first need to make sure that they satisfy the safety standards.
According to a report, Chinese automakers and joint projects between global brands (ie. General Motors) and local Chinese companies are exporting vehicles in places like Latin America and the Middle East.
The latest concepts are part of the company’s plan to sell a million electrified cars by 2025.