1/31/2024 0 Comments Volvo crossover suvGeely has forecast flat sales in 2019 due to uncertainty about domestic demand, while Volvo has said it expects margins to remain under pressure. When we tested the V60 Cross Country, we recorded a 60-mph time of 7.1 seconds. Polestar, Volvo and Geely's electric performance brand, said separately on Friday that starting next year it would also use Luqiao to produce Polestar 2, its first fully electric sedan that is intended to rival Tesla's mass market Model 3. The Cross Country model is powered by a 250-hp turbocharged four-cylinder and comes with all-wheel drive. The Luqiao plant, owned by Geely and operated by Volvo, currently builds the 01 SUV sold by car subscription-focused brand Lynk & Co. The platform, called Compact Modular Architecture, is shared by vehicles produced by sister brands Lynk & Co and Polestar, with Geely also planning to base a new Coupe SUV on it.Īutomakers are going through one of their most uncertain periods, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable brands. And by way of natural progression, they chose to depict the unreleased EV successor of Volvo’s XC60 compact luxury crossover SUV. The XC40 is based on a platform Volvo developed with Geely designed to share the costs of developing and manufacturing a competitive vehicle. The model has sold more than 100,000 units since its launch in late 2017. in Luqiao creates extra capacity, adds flexibility to our global manufacturing network and is a clear proofpoint of our strategy to 'build where you sell'." "Demand for the XC40 has exceeded our most optimistic expectations," Volvo CEO Hakan Samuelsson.
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