Volvo to export all-new compact EV from China: CEO

Sharing platform with parent Geely to help bring down costs

20230322N Volvo Cars Jim Rowan

 Volvo CEO Jim Rowan says sales of all-electric vehicles will outstrip gasoline cars by 2026. (Photo by Yutaka Miyaguchi)

KOSEI FUKAO, Nikkei staff writer

TOKYO -- Volvo's all-new electric vehicle slated for launch this year will be manufactured in China and exported to Europe and Japan, the Swedish automaker's CEO said in an interview with Nikkei.

The new strategic EV will target a "brand new segment," said Volvo Cars CEO Jim Rowan. "It's going to be a brand new demographic, a younger customer [and] a lot more online sales."

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