Volvo is about to start selling its first all-battery electric car, the XC40, but its electrification plans have not stopped there,media reported. Specifically, Volvo announced on Monday local time that it would incorporate the design of future electric vehicles into the company. To achieve this development, Volvo is working with parent company Geely to establish a motor development center in Shanghai, which will work with other motor development laboratories in Sweden and a high-tech battery laboratory in China.
“Through in-house design and development, we can fine-tune our electric engines to a better level,” Volvo Cars CEO Henrik Green said in a statement. “
So what does having your own custom electric engine mean for Volvo? First, the Swedish carmaker will be better able to tailor future electric cars to its needs, which will pay off in terms of efficiency and cost on the road ahead.
This is becoming increasingly important as Volvo moves towards its ambitious goal of making electric cars account for 50 per cent of its car sales by 2025, with the remaining half going to be hybrids.