CMA Platform Side view
9:30 PM | August 24 2020

Volvo Car Group exceeds 600,000 vehicles sold on the CMA platform

Volvo XC40 and Polestar 2 among models underpinned by the successful joint-venture Compact Modular Architecture created by Volvo Cars and Geely.
Volvo Car Group has surpassed 600,000 sales of vehicles based on its Compact Modular Architecture (CMA) platform.
 
The platform, which was co-developed by Volvo Cars and Zhejiang Geely Holding (Geely), debuted in 2017 under the Volvo XC40 that has already established itself as one of the world’s most popular luxury compact SUVs.
 
With its clever modular design, the CMA platform has since been used to create models for the Volvo Car Group’s strategic affiliates, Lynk & Co and Polestar, including the Lynk & Co 01, 02, 03 and 05, and the pure electric Polestar 2.
 
CMA will also underpin Volvo’s first fully electric vehicle, the XC40 Recharge Pure Electric that goes on sale in Australia in 2021.
 
Deliveries of the new CMA-based Polestar 2, which begin this month for certain markets, will continue to drive sales on this successful platform.
 
“We are incredibly proud of these sales figures for our CMA cars,” said Håkan Samuelsson, chief executive at Volvo Cars. “We have had 10 very successful years with Geely and we will continue to leverage the excellent partnerships we have created within the group to pave the way for further growth and synergies.”
 
Since the acquisition by Geely 10 years ago, Volvo Cars has completely renewed its product portfolio of SUVs, wagons and sedans, and became the first traditional carmaker to commit to all-out electrification, supported by the introduction of its Recharge range.

XC40 inscription
Above: The Volvo XC40 was the first model to utilise Volvo Car Group’s Compact Modular Architecture (CMA).

The range offers a plug-in hybrid (PHEV) option on all Volvo models, including the XC40 Recharge Plug-In Hybrid that has recently entered the company’s Australian showrooms.
 
Volvo Cars is aiming for half of its global sales volume to comprise fully electric cars, with the rest plug-in or mild hybrids.
 
“Volvo Cars today is stronger than it has ever been,” said Håkan Samuelsson, “and we still have much to do. We are excited to see our fully electric vehicle range reach the market, led by the XC40 Recharge, and we will keep this momentum going by investing in electrification, new technologies, and future mobility solutions.”
 
Over the past decade, Volvo Cars has transformed its business to become a truly global player in the automotive industry. It has grown its global sales from 449,255 in 2011 to more than 700,000 in 2019, more than doubled its revenue between 2011 and 2019, and strengthened its operating profit nearly nine-fold in the same period.
 
The company has also expanded its manufacturing and R&D network across the globe: while it started out with two manufacturing plants and an engine plant in Europe, it now has four additional manufacturing sites and an R&D centre in China, as well as a manufacturing plant in the United States.
 
Volvo Cars also aims to establish millions of direct consumer relationships through new forms of mobility, and it expects to play a leading role in the safe introduction of autonomous drive technologies.
 
These and other ambitions have been made possible and credible thanks to the establishment of a sustainable and profitable business model over the past decade, providing Volvo Cars with a solid platform for further growth.

 

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