Tag: Volvo

Volvo Unveils XC70, Its Longest-Range Plug-In Hybrid Crossover Yet

Volvo Cars has officially unveiled the XC70, an all-new plug-in hybrid crossover set to launch in China by late 2026.

This latest offering promises a robust performance with 400 horsepower and an impressive all-electric range of 200 kilometers (approximately 125 miles), marking it as the longest battery-only range among Volvo’s plug-in hybrid lineup.

Designed on the innovative SMA platform tailored for extended-range hybrids, the XC70 responds to the rising demand for longer-range vehicles, particularly in the Chinese market.

Volvo Launches XC70: A New Plug-In Hybrid Crossover for China

Håkan Samuelsson, president and returning CEO of Volvo Cars, emphasized the XC70’s role in the company’s strategic shift towards the extended-range plug-in hybrid segment.

He stated, “The XC70 marks our strategic entry…offering a highly attractive alternative to customers who are not yet ready for fully electric cars.” This approach exemplifies a trend toward regionalization, enabling manufacturers to cater specifically to local consumer needs.

The XC70 shares its platform with the Lynk & Co 08, combining a turbocharged 1.5L engine with dual electric motors for an all-wheel-drive performance. The design features of the XC70 include a closed, shield-like grille inspired by Volvo’s latest all-electric models and cutting-edge Matrix LED headlights that dynamically adapt to various road conditions, enhancing visibility while prioritizing safety.

Despite its modern updates, the XC70 retains styling cues reminiscent of its predecessor, the V70 Cross Country, bridging Volvo’s rich heritage with contemporary styling. With a base price of approximately 400,000 yuan (around $55,000 USD), the XC70 aims to strike a balance between performance, efficiency, and aesthetics.

As anticipation builds for its release, it remains unclear whether the XC70 will be available in markets outside of China. Analysts speculate that a global rollout could strengthen Volvo’s position in the expanding hybrid and electric vehicle segments.

Facing Tariffs and Market Shifts, Volvo Aims to Become Fully Electric by 2026

Volvo Cars has announced an ambitious restructuring plan worth nearly $2 billion (SEK 18 billion) aimed at revitalizing growth and mitigating the financial impacts of U.S. tariffs under the Trump administration.

This move comes in response to a staggering 60% drop in operating income, which fell to SEK 1.9 billion in the first quarter of 2024.

To tackle these financial challenges, Volvo’s comprehensive plan includes SEK 3 billion in variable cost actions and SEK 5 billion aimed at enhancing efficiency in indirect spending.

Volvo Cars Unveils $2 Billion Restructuring Plan Amidst Financial Challenges

Additionally, SEK 10 billion will be utilized in cash actions to help reduce working capital and capital expenditures, with most of these measures projected to take effect by 2026. CEO Håkan Samuelsson emphasized the significant challenges the automotive industry is currently facing, noting that the company must enhance cash flow generation while lowering costs.

Volvo’s strategy focuses on three core areas: profitability, electrification, and regionalization. Notably, electrified vehicles accounted for 43% of Volvo’s sales in the first quarter, and the company is keen on building upon this momentum with the upcoming launches of the EX30 and the newly unveiled ES90, its second electric vehicle based on the Superset Tech Stack.

The company is also adapting to market changes in China by introducing its first extended-range plug-in hybrid electric vehicle (PHEV) later this year. As it continues to navigate the turbulent market landscape, Volvo is bracing for the potential impact of tariffs on its newest models, including the EX90 and EX30.

In a bid to streamline its operations, Volvo has established a new Americas region, encompassing the U.S., Canada, and Latin America, while also ramping up production at its Charleston, South Carolina plant. Despite the current headwinds, Volvo remains committed to its goal of becoming a fully electric car company.

Volvo’s On Demand Service Makes Electric Truck Adoption Easier for Fleets

The logistics industry is witnessing a significant shift towards electrification, highlighted by R&M Trucking’s recent deployment of a Volvo VNR Electric semi truck.

As the first customer in the United States to participate in Volvo’s on Demand “trucks as a service” (TaaS) initiative, R&M Trucking is setting a precedent for local and regional freight and logistics operations around Chicago’s O’Hare International Airport.

This innovative TaaS offering from Volvo Financial Services allows companies to lease electric trucks rather than purchase them outright, thereby reducing the steep upfront investment typically associated with acquiring electric vehicles (EVs).

The Future is Electric: R&M Trucking Embraces Sustainable Freight Solutions

The flexible subscription model aims to ease the transition to battery-electric trucks by minimizing capital outlay and providing cost predictability. “Volvo on Demand is designed to remove barriers to adopting battery-electric trucks,” said Logan Andrew, eMobility territory finance manager at Volvo Financial Services.

The VNR Electric trucks, equipped with a six-battery configuration, boast a range of up to 275 miles and can achieve 80% charge in under 90 minutes, making them suitable for urban and regional deliveries. To further support its electrification efforts, R&M Trucking is also installing EV chargers at its warehouse to facilitate overnight charging.

Despite the benefits, the transition to electric fleets can be daunting due to significant initial costs—new electric trucks can range from 50% to 300% more expensive than traditional diesel options. The TaaS model thus presents a vital opportunity for organizations looking to modernize their fleets without facing financial strain.

As companies like R&M Trucking embrace this model, it could pave the way for broader adoption of electric vehicles across the logistics sector, transforming the freight industry for years to come.

Greenlane Partners With Volvo Trucks to Transform Heavy-Duty Electric Vehicle Charging

Greenlane has announced a pioneering partnership with Volvo Trucks North America aimed at revolutionizing the accessibility of charging heavy-duty electric vehicles (HDEVs).

This collaboration marks Greenlane as the first official Charge Point Operator (CPO) in North America to team up with Volvo, integrating their services into Volvo’s Open Charge network.

Greenlane, a joint venture that includes Daimler Truck North America, NextEra Energy, and BlackRock, is constructing a national charging network for heavy-duty commercial vehicles.

New Charging Network For Electric Fleets Launches In Partnership With Volvo

The initiative seeks to reduce operational costs and aid in the transition to electric fleets, alleviating the financial burden on customers who might otherwise spend significantly on their own charging infrastructure.

Through the Open Charge platform, Volvo customers will now have real-time access to Greenlane’s public charging stations, simplifying logistics with centralized billing and exclusive user benefits.

Greenlane’s CEO, Patrick Macdonald-King, highlighted the collaboration as a “first-of-its-kind” effort to provide tailored public charging solutions for medium- and heavy-duty fleets. “It’s all about making the shift to electric trucks smoother,” he stated, emphasizing the importance of maintaining the flow of goods and services while advancing towards zero-emission freight.

The flagship charging station for this initiative is set to open in Colton, California, in April, featuring over 40 publicly accessible chargers for a range of electric vehicles.

This site will serve as a cornerstone for a much larger network planned along the I-15 corridor, with charging stations spaced approximately 60 to 90 miles apart. Future sites are already slated for cities including Long Beach, Barstow, and Baker.

Greenlane and Volvo are also enhancing their offering by incorporating membership features into the Volvo Open Charge service, such as booking reservations, which will further streamline the charging experience for fleets transitioning to electric trucking.

Volvo Launches Highly Anticipated ES90 Electric Vehicle with 800-Volt Charging

Volvo recently unveiled its highly anticipated electric vehicle, the ES90, during a live streaming event on YouTube.

This vehicle represents a significant step forward for the Swedish automobile manufacturer, showcasing a sleek, aerodynamic design and the capacity for 800-volt charging technology.

The ES90 is now available for pre-orders in Europe; however, the company has yet to confirm a timeline for its release in the United States.

The EX60 will utilize a new platform, which the company is implementing to enhance scalability

In addition to the ES90, Volvo provided a brief glimpse of the upcoming EX60, which will serve as the electric counterpart to the popular XC60 crossover SUV.

Set to debut in 2026, the EX60 was revealed in the form of a clay model, featuring a split-taillight arrangement reminiscent of other recent Volvo designs like the EX30 and EX90. The model appeared to be sized between the compact EX30 and the three-row flagship EX90, hinting at Volvo’s strategy to fill gaps in its electric lineup.

The EX60 will utilize a new platform, designated SPA3, which the company is implementing to enhance scalability through the use of mega castings—large single components designed to replace multiple smaller parts.

This innovative manufacturing process will be rolled out at Volvo’s Torslanda plant in Sweden. Notably, SPA3 will retain a shared electrical architecture with the existing SPA2 platform found in the EX90, showcasing Volvo’s commitment to a software-defined vehicle ecosystem.

Volvo is betting on its ‘Superset’ technology stack to enrich its vehicles with more software-based features, including upgraded computing capabilities that will debut with the ES90 and be retrofitted to the EX90. As the automotive industry shifts toward electrification, Volvo is positioning itself to meet rising consumer demands with these advanced models.

The new Volvo ES90 is here: the Premium EV we were waiting for

Volvo has unveiled its new electric vehicle ES90, based on the SPA2 architecture, which combines typical sedan, fastback, and SUV features. This launch marks a significant step in Volvo’s ambitions to expand its lineup of electric vehicles, offering both a sleek design and the versatility that modern consumers demand. One of the most notable features of the ES90 is its 800V architecture, which allows for fast charging at chargers of up to 350 kW, achieving some of the most competitive charging times on the market. This enables recharging up to 350 km of range in just 10 minutes. A […]

Volvo has unveiled its new electric vehicle ES90, based on the SPA2 architecture, which combines typical features of a sedan, fastback, and SUV.

Android Auto DOWNLOAD

This launch marks a significant step in Volvo’s ambitions to expand its electric vehicle lineup, offering both a sleek design and the versatility that modern consumers demand.

One of the most notable features of the ES90 is its 800V architecture, which allows for fast charging at chargers of up to 350 kW, achieving some of the most competitive charging times in the market. This enables recharging up to 350 km of range in just 10 minutes.

A family car, comfortable and ready for the future

In addition, the model has a battery capacity of 102 kWh, providing a range of up to 700 km (430 miles) in WLTP cycles, surpassing the capacity of the previous model, the Volvo EX90.

The ES90 will be available in several versions, including a dual motor (AWD) and a single motor (RWD), with performance that allows for acceleration from 0 to 100 km/h in just 3.9 seconds. Additionally, it stands out for its drag coefficient of 0.25 Cd, the lowest that Volvo has offered to date, which contributes to its impressive aerodynamic efficiency.

Regarding prices, the RWD version is expected to have an initial cost of approximately $50,000, while the AWD version will be around $60,000 and the high-performance version could reach $70,000. However, although it features an attractive design and an optimized size, there has been some disappointment regarding the lack of a third row of seats and the limited space in the frunk.

Android Auto DOWNLOAD

With these features, the ES90 promises to be an ideal vehicle for families and long trips, highlighting Volvo’s competitiveness in the electric vehicle market.

Imagine going to the supermarket and leaving with a $10,000 discount for your next car

Costco has launched a prominent promotion for the purchase of the 2025 Volvo EX90, offering significant discounts for its members. Executive members will have access to a $2,000 discount, while those with Gold Star and Business memberships will save $1,500. This offer is available for purchases or leases made between February 24 and April 30, 2025. The Volvo EX90, which has a capacity for seven passengers, boasts an impressive range of up to 650 km, accompanied by a power of 510 hp. It could only happen at Costco: go for fruit and come out […]

Costco has launched a prominent promotion for the purchase of the 2025 Volvo EX90, offering significant discounts for its members.

Android Auto DOWNLOAD

Executive members will have access to a $2,000 discount, while those with Gold Star and Business membership will save $1,500. This offer is available for purchases or leases made between February 24 and April 30, 2025.

The Volvo EX90, which has capacity for seven passengers boasts an impressive range of up to 650 km, accompanied by a power of 510 hp.

It could only happen at Costco: going for fruit and coming out with a Volvo XC90

With a 110 kWh battery, this electric SUV can accelerate from 0 to 100 km in just 4.7 seconds. Its base MSRP is $81,290, but buyers can take advantage of other incentives that significantly reduce this price.

In addition to the specific discount for Costco members, buyers may qualify for a $7,500 lease discount, as well as a $500 loyalty discount if they have owned a Volvo in the six months prior to the purchase.

Adding all these discounts, buyers could save up to $10,000 off the original MSRP, bringing the price to approximately $71,290, representing more than a 12% discount.

To qualify for these incentives, Costco members must have been part of the membership before February 23 and be the primary members of the account. It is worth noting that this offer can be combined with A-Plan pricing for employees and affinity pricing for teachers and first responders, which could result in additional savings for these groups.

Android Auto DOWNLOAD

The Volvo EX90 presents itself as an attractive option in the electric SUV market, and with the support of Costco’s incentive program, it becomes an even more viable choice for consumers interested in electric mobility.