The rapid effects of COVID-19 have impacted all levels of the industry, including Volvo Cars.

Volvo Cars has now formally opened order books for the XC40 Recharge P8 AWD, the company’s first fully electric car based on the best-selling SUV, in selected markets.

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 percent between 2018 and 2025. This is the first, tangible step towards Volvo Cars’ ambition of becoming a climate neutral company by 2040.