Volvo concluded 2023 with a remarkable milestone, achieving a new global sales record of 708,716 units.
As reported by Motor1, Volvo attained its highest-ever revenue by selling 708,716 vehicles in 2023, representing a 15% increase compared to the previous year. The XC60 emerged as the company’s top-selling model, with an impressive sales figure of 228,646 units (up from 195,338 units in 2022). Close behind were the XC40 (200,670 units) and the XC90 (107,549 units), both experiencing significant sales growth compared to the previous year.
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Volvo’s recent business strategies have been primarily focused on electric vehicles, and this approach proved to be highly successful, resulting in a 70% increase in sales in this segment. In 2023, Volvo sold 113,419 electric vehicles, accounting for 16% of their total sales. Additionally, the sales of plug-in hybrid electric vehicles (PHEVs) also increased by 10% last year.
Although SUVs dominated the automotive market in 2023, leading to the discontinuation of production for several mid-size and large sedans such as the S60, V60, and V90 in the United Kingdom, Volvo remains committed to developing a diverse range of sedans and wagons. The company is determined to further expand its vehicle lineup by introducing the all-electric ES90 sedan and the EM90 electric MPV.
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Volvo has made a bold commitment to discontinue the production of diesel-powered vehicles by early 2024. While the company has already introduced the EX90, the older XC90 model with an internal combustion engine is still available for now. The anticipated release of new models, such as the affordable electric vehicle EX30, is expected to propel Volvo’s sales figures to 1.2 million units by 2025.
Thái Son (Tuoitrethudo)
Reference: Motor1
Start Your Car with…Your Phone
With a smartphone, car owners can start and unlock their vehicle instead of using a traditional car key. The smartphone acts as a replacement for the traditional key, providing convenience and ease of use. This innovative feature allows car owners to have complete control over their vehicle at their fingertips. No more fumbling for keys or worrying about losing them. With just a simple tap on the smartphone screen, car owners can effortlessly access their vehicle and be on their way. This technology not only enhances the overall car ownership experience but also adds a touch of modernity and sophistication. Say goodbye to outdated car keys and say hello to the future of automotive technology with the smartphone as the ultimate key.
Uncover the unrivaled safety of the Mitsubishi Pajero
For nearly two decades, the Mitsubishi Pajero has been regarded as the top-performing 7-seater SUV in Vietnam. It has been the preferred choice for government agencies, businesses, and diplomatic missions. That is why the introduction of the new model, with its significant upgrades in exterior and interior design, performance, and particularly its high level of safety, elevates the Pajero to the status of the king in the off-road vehicle industry.
[Quick Review] BMW XM arriving in Vietnam: The Ultimate Leader
According to some information, Thaco distributor may soon bring the “beast” BMW XM to the country, with “monster” features like twin-turbo V8 engine and impressive exterior design.
Which 7-seater SUV to choose within the budget of 1 billion VND?
In recent times, the 7-seater SUV market in Vietnam has been booming. This segment has caught the attention of Vietnamese customers due to its practicality and high safety standards. Below are some examples of 7-seater SUVs within the price range of 1 billion VND that are “worth every penny.”
[CAR REVIEW] Hyundai Palisade 2023 Coming to Vietnam: “Worth Every Penny”
According to the plan, Hyundai will bring the Palisade – the brand’s largest and most expensive 3-row SUV – to Vietnam in 2023. How does the Palisade stand out compared to its rivals, the Ford Explorer and Volkswagen Teramont, which have already entered the Vietnamese market? Readers are invited to refer to reviews of this vehicle in foreign markets.
