As Volvo unveiled two concept cars built around the new Compact Modular Architecture, it announced that its new global small car range will include a pure battery electric vehicle, as well as Twin Engine plug-in hybrid powertrain variants.
Volvo previously announced that it would produce a pure EV based on its larger Scalable Product Architecture (SPA) by 2019. The company says it hopes to sell up to a million electrified cars by 2025.
“By taking a modular approach to both vehicle architecture and powertrain development we have succeeded in leapfrogging many of the players in the premium segment,” said Dr. Peter Mertens, Senior VP of R&D. “Our new battery electric powertrain variant opens yet another exciting chapter in the unfolding Volvo story.”
“The new 40 series cars have the potential to improve our market penetration in an important growing segment,” said Volvo Cars CEO Håkan Samuelsson. “An electric powertrain program including both a new compact Twin Engine plug-in hybrid as well as a pure electric car are central to the CMA architecture.”
The first of the new 40 series vehicles is expected to go into production in 2017.