Volvo Making Major Shift in Branding

Order Reprints

Dec. 2, 2019—As competitors catch up to the Swedish OEM, Volvo is now repositioning itself as a luxury brand for the electric-vehicle age, reported CNBC.

Volvo is owned by the Chinese automaker Geely. China is one of Volvo’s most important markets and a key market for electric vehicles. The Chinese government sees electrification as a way to reduce the country’s severe pollution problem and to help Chinese automakers gain a technological edge in the global automotive market.

Volvo is entering a market in which BMW, Mercedes and Audi all are well known and have been doing it for decades.

Related Articles

Volvo CEO: Pandemic to Accelerate Shift to EVs

Honda Cut Japanese Production by 24 Percent in Shift to EVs

You must login or register in order to post a comment.