Recharge model sales doubled in Europe in 2020
Swedish automaker adding new EV this year
Volvo says sales of its electrics are growing quickly, and that means expansion at the Belgian plant that builds some of them. Volvo says it will triple EV capacity in Ghent to meet the demand for its Recharge models.
The plant in Ghent is already home to the Volvo XC40 recharge, Volvo’s first EV, built on the automaker’s CMA modular architecture. A second (unnamed) fully electric model, also on the same platform, will go into production at the facility later this year.
Sales of Recharge models, those with a fully electric or plug-in hybrid driveline, more than doubled from 2019 to 2020, with nearly one-third of European sales a model with a plug. That’s close to 50,000 sales during the year, just in that region. The automaker hopes that 50 percent of sales globally will be fully electric by 2025, with the rest hybrids.
To keep up with the demand and reach toward the goal, production of EVs in Ghent will more than triple from current levels, reaching around 60 percent of total plant capacity. The facility builds more than 250,000 vehicles per year.
While this is the automaker’s first EV home, Volvo Cars has previously announced plans to increase EV capacity at other facilities worldwide. This includes investments toward bringing electric motor production entirely in-house by mid-decade and expanded development of e-motors for their next-generation vehicles.