Volvo Cars has set a new, sixth consecutive global sales record in 2019, breaking the 700,000 cars sold mark for the first time in its 93-year history. The company recorded sales of 705,452 cars in 2019, an increase of 9.8 per cent compared to 2018, solidly outgrowing the overall market across all regions.
Volvo Cars has issued SEK5 billion worth of convertible preference shares to a group of Swedish institutional investors, comprising Swedish pension fund AMF and Swedish insurance and pension savings group Folksam.
Volvo Cars maintained a strong sales momentum in November, with global volumes up 11.6 per cent, compared with the same period last year. The company sold a total of 62,550 cars during the month as it continued to grow faster than the industry in all three regions of US, China and Europe.
Volvo Cars will become the first carmaker to implement global traceability of cobalt used in its batteries by applying blockchain technology. The announcement follows the reveal last month of the company’s first fully electric car, the XC40 Recharge.
Future Volvo customers will need to answer one fundamental question: do you want a new Volvo with a cord or without one? Today Volvo Cars introduces the XC40 Recharge, the company’s first ever fully electric car and the first model to appear in its brand new Recharge car line concept.
Volvo Cars today launches one of the most ambitious plans in the automotive industry, aiming to reduce its lifecycle carbon footprint per car by 40 per cent between 2018 and 2025. This is the first, tangible step towards Volvo Cars’ ambition of becoming a climate neutral company by 2040.
Volvo Cars invites you take part of the reveal of its first fully electric car; the electric XC40. At this event, Volvo Cars will also present the company’s strategic direction towards a more sustainable future.
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