Sources leaked to Automotive News Europe a few more details about Volvo’s plans for its electric line-up. The sources claim Volvo will manufacture its first electric car at its plant in Luqiao in southeast China. The car will be built on the Compact Modular Architecture, a platform that will be shared with sister-brand Link & Co’s 01 crossover.
No further details have been revealed about Volvo’s first electric car, but from previous statements from the company we know that the car targets an ambitious $35,000 to $40,000 price tag and a range of over 250 miles. These figures would set Volvo on collision course with both the Tesla Model 3 and Chevrolet Bolt.
Volvo wants to put one million electric and hybrid vehicles by 2025 and its China manufacturing base is an important part of the plan. In addition to the CMA-based mid-range model, Volvo, which has been owned since 2010 by the Chinese group Geely, wants to release larger models based on the Scalable Product Architecture.
Earlier this week, images of Lynk & Co’s second vehicle have been published, revealing a striking muscle car design with Volvo technical underpinnings. Lynk is Geely’s new electric-focused brand. Chinese companies have emerged as one of the driving forces between a wave of new electric-focused brands, including Faraday Future, Nio, Lucid Air, and Lynk & Co. Even Tesla recently took a sizeable investment from Chinese technology giant Tencent.