AutoBeta(AutoBeta.net)12/05 Report--

On December 2nd Volvo released its November sales figures. According to the data, global sales in November 2022 were 59154, up 12% from a year earlier. Of these, the Recharge series (including pure electric vehicles and plug-in hybrid vehicles) accounted for 42% of total sales; pure electric vehicles accounted for 19.7% of sales. From January to November in 2022, Volvo's global retail sales were 542458, down 14.5% from a year earlier. Among specific models, the XC40 sold 18188 in November, making it the best-selling model in the world; the XC60 was 15586; and the XC90 was 8283.

In November 2022, Volvo's European sales rose 15.8 per cent to 25960 vehicles, accounting for 43.88 per cent of total sales, while US sales rose 20.4 per cent to 9233, accounting for 15.60 per cent of total sales. China's sales fell 6.2 per cent to 12580, accounting for 21.26 per cent of total sales, making it the only market to decline. Volvo's cumulative sales in China fell 7.4 per cent year-on-year to 157034 vehicles from January to November 2022, including 10087 Recharge series models, 711 pure electric vehicles and 9376 plug-in hybrid system vehicles, according to data.

According to the official website, Volvo's domestic models in China include S90, S60, XC60 and XC40, of which S90, S60 and XC60 are plug-in hybrid models based on fuel vehicles, while XC40 is based on pure electric models based on fuel vehicles, but the performance of these models is mediocre. According to the insured volume, Volvo delivered a total of 172000 vehicles in 2021, an increase of 0.6% over the same period last year, including 65000 for Volvo XC60, 38000 for Volvo S90, 28000 for Volvo S60 and 20000 for Volvo XC90.

In addition to the above models, on November 9, Volvo's new pure electric flagship SUVEX90 launched globally, the new car is based on the new pure electric platform, adopts central electronic and electrical architecture, and is equipped with low / high power versions, the maximum power of the low power version is 299kW and the maximum torque is 770N ·m; the maximum power of the high power version is 370kW, the maximum torque is 910N ·m, the battery capacity is 111kW ·h, and the mileage is 467km and 600km respectively. According to the product promotion speed, the new car will be produced in the factory in South Carolina in 2024, when the Chinese factory will also produce the model, after listing, it will compete with Mercedes-Benz EQE SUV, BMW IX and other models. As to whether the launch of the car can bring quantitative and qualitative changes to Volvo in the Chinese market, it remains to be verified.

As one of the first traditional luxury brands to start electrification transformation in the Chinese market, Volvo has confirmed that it will stop the R & D and manufacture of internal combustion engines and realize the electrification of all models. On November 8, Volvo announced that Volvo would divest its 33% stake in Aurobay to Geely Holdings, saying that the divestment was another important step in Volvo's transformation into an all-electric car manufacturer, making Volvo the first carmaker to withdraw completely from the development and manufacture of internal combustion engines. According to the plan, 50% of Volvo's global annual sales in 2025 will be pure electric vehicles, and the rest will be hybrid vehicles. To achieve full electrification by 2030 and become a pure electric luxury car company.

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