Volvo sees the goal of manufacturing a million cars a year as feasible

A few hours ago we checked the ranking that places the largest car manufacturers in the world, How Geely Group It has managed to manufacture a total of 1.922.769 units last year. This conglomerate is the current owner of Volvo Cars, the Swedish firm that Ford Motor Company released for not being able to manage it and generate income with it. However, Chinese money has been able to do so, and as we already know, its evolution in the past year has been brutal.

La digital workplace strategy who are following in Volvo To achieve your goals, you go through electrification of its range with the separation of Polestar as an independent firm and the launch of models at the height (for quality, technology, safety and mechanical range) of its main German rivals. To do this, they have two scalable modular platforms, the CMA and SPA, on which they are articulating their new range of models. Of them, the XC90 has been the most important, since it has been the spearhead of this new journey.

Thanks to commercial launches of the XC90, S90, V90 y XC60, the Swedish firm expects to improve its sales figures. In addition, the arrival on the market of the new XC40 and the upcoming addition of V40 pave the way for them to achieve their goal: to build a million units per year. According to Javier Varela, Executive Vice President of Manufacturing at Geely Group, exceeding one million units produced per year is an attainable goal.

In the past financial year 2017 its global sales he grown 8,3 percent compared to last year, also improving its operating result. According to Varela

«At the time we announced that we wanted produce 800.000 units per year —up to November 2017, 513.000 units were sold— and we are already prepared for that, but the limit is not there. Exceeding one million would be an acceptable goal »

We will have to see the evolution of its sales since 2018 is foreshadowed as a key year in this growth strategy. This year the new XC40 SUV will have to find a place in the market, although considering its strong arguments, it can follow the same path as its big brother XC60 and become the best-selling premium compact SUV on the continent.

Source – Volvo