Volvo Cars is embarking on a major transition to electric vehicles (EVs) with the aim of converting all of its core models into EVs by 2026, according to sources cited by Reuters. The automaker is reportedly planning to electrify the next generations of its S60 and S90 sedans and the XC40, XC60, and XC90 SUVs.
The automaker already sells the all-electric XC40 Recharge and has recently launched the EX90 all-electric mid-size SUV, which is being referred to as its electric SUV flagship. Additionally, Volvo Cars has plans to introduce a luxury electric minivan for the Asian market.
The sources revealed that the company, which is majority-owned by China's Geely Group, is expected to launch at least six new BEVs through 2026, including the already announced EX90 set to arrive in showrooms in early 2024.
See also: Volvo Planning To Launch Full Electric MPV In China This Year
The new launches align with the company's goal of having an all-electric lineup by 2030. This revamp, if accurate, would be the largest since Geely acquired Volvo from Ford Motor Company in 2010.
The automaker is said to be placing a greater emphasis on Asia and customer trends there, as well as moving development work on its sedans and minivan to its Shanghai research and development center that recently increased its design staff to 60 people. The electric minivan is expected to be based on the recently-produced Zeekr 009 electric luxury MPV in China.