Electrical to drive Volvo Group progress – EAST AUTO NEWS

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Electrical to drive Volvo Group progress

On the Volvo Group’s Capital Markets Day on 22 June, president and CEO Martin Lundstedt and group administration outlined the key enterprise alternatives within the ongoing know-how shift that’s anticipated to speed up gross sales progress.

During the last decade, the group has established a claimed industry-leading profitability and is now taking the subsequent step. Development is anticipated to speed up with the principle driver being the upper worth of the electrical automobiles and machines. With electrical automobiles there’s a potential to extend the entire car and repair revenues per unit by greater than 50% over the lifecycle. Leveraging the group’s first-mover benefit to achieve market shares and broadening the companies providing are additionally anticipated to drive progress. Whereas capturing these progress alternatives, monetary targets stay.

“Local weather change is the problem of our era. On the similar time, demand for transport and infrastructure continues to develop and we should meet this demand with extra sustainable options. On this altering panorama, we will lead the transformation and supply elevated worth for our clients and embark the group on a progress journey pushed by electrification, autonomous options and new productiveness companies. We’re geared for progress,” stated Lundstedt.

There’s a robust pull from clients that wish to companion up with the group to decarbonise each their very own worth chains and people of their clients. The group has the electrical merchandise, companies and options that may make this occur.

“Our modular car architectures will proceed to serve us nicely, creating flexibility in addition to price and capital efficiencies in each R&D and the economic system as we undergo the transformation to electrical and autonomous automobiles. We make investments to win,” stated Lundstedt.

Electrical to drive Volvo Group progress – EAST AUTO NEWS


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