Last year was Volvo's second consecutive year of record sales, with 763,389 cars delivered, or 8 percent more than the year before.
Despite this solid result, the Geely-owned brand is bracing for a "turbulent 2025 due to challenging market conditions."
And to stay competitive, it is planning several moves for an updated lineup, including other products.
During the conference call following the full year report, Volvo CEO Jim Rowan discussed what he has planned.
The electric EX30 Cross Country will be introduced on February 10, reports Telegraph.
Most importantly, the ES90 electric sedan will hit the market this year.
Additionally, a plug-in hybrid with a long electric range is planned to be produced, while two existing models will undergo a refresh.
The EX60 will be launched in 2026 as the brand's first electric model supported by the SPA3 platform.
However, Volvo will not focus exclusively on EVs.
It has already abandoned plans to go fully electric by 2030.
Instead, the manufacturer wants plug-in hybrid and electric models to account for 90-100 percent of sales. /Telegraph/
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