Skip to content

Earnings Analysis: Why the market downturn of 2019, Volvo can buck the trend

annual revenue of SEK 274.1 billion (about 198.7 billion yuan RMB), an increase of 8.5 percentage; full-year profit of 14.3 billion kronor (about RMB 10.4 billion yuan) a slight increase of 0.8 weight percent.

In the past 2019, Volvo cars in China, the US and European markets have achieved good sales results. Chinese single market sales reached 154,961 units, a record high. The annual global sales reached 705,452, which is 93 years since Volvo first full year of sales exceeded 700,000.

performance Why get promoted?

From the data, Volvo Cars over the same period in 2019, revenue has improved worldwide, only Sweden has declined in the local community, but thanks to Germany to enhance the revenue belongs to the whole of Europe up state, Central America and other regions are in a rising state revenues.

As can be seen, in 2019 the global automotive market is more sluggish environment, Volvo’s overall performance has been further improved is a good positive.

next breakthrough is that the new energy

mentioned earlier on the Chinese market has become Volvo’s largest single market, accounting for 22 percentage of global sales. 2019 Volvo in the domestic market of the XC40, V60 and S60 three new models, strengthen the compact-class SUV, station wagon intermediate, mid-size sedan market layout, so that domestic sales models reached eight, in addition to full-V40 Series whole new generation of models.

increasingly severe environmental problems today, the electric car is a big trend in the future development of the automobile , major car brands have launched electric vehicles, last year, there are a lot of traditional car companies launched a new pure electric cars, such as Mercedes-Benz EQC, Porsche Taycan, the Audi e-tron.

Volvo released last October quot; 2040 environmental plan quot ;, in this plan, each of the models Volvo Cars will provide plug version, alsoWe will launch a new brand of pure electric vehicles quot; Rechargequot ;, and plans to release a pure electric car next year.

last year, Volvo Cars has released its first electric car pure electric version of the XC40 is expected to start production in 2020. But between the current situation Recharge the number of products and production capacity, Volvo Cars plans to have 20 percent from sales of electric cars in 2020, but with the rich and capacity Recharge products can improve, this figure can be further enhanced.

At present governments have certain policy support for the development of electric vehicles, Volvo electric car sales easier dividend policy by the aid. And now electric cars on the market relative to the type of fuel vehicles is relatively small, Volvo cars a year a pure electric vehicle program can quickly roll out its own product line, in order to better capture the market.

written in the last

Volvo Cars revenue rose reason is that hard work can be rewarding a simple principle, along with further expansion in the future of new energy vehicle market, future growth Volvo Cars point to more sustenance in electric vehicles layout. Now it seems that Volvo is ready in this regard, efforts to separate the electric car brands, each year new car program, Volvo Cars for the future is a place in the field of electric vehicles made.

Leave a Reply

Your email address will not be published. Required fields are marked *