cars
Why Volvo Is Still All-In on Electric Vehicles
Key takeaways
- Volvo and Polestar are joined at the hip, for one.
- Volvo might be a small automaker by comparison, but it knows where it wants to spend its resources and ultimately that is on electric vehicles packed with cutting-edge software.
- “When you are a small company, you can’t bet on every horse in the race,” says Volvo chief commercial officer Erik Severinson. “If you bet on everything, you focus on nothing.
Why this matters: an automotive development that could shape industry direction or buying decisions.
Volvo and Polestar are joined at the hip, for one.
Volvo might be a small automaker by comparison, but it knows where it wants to spend its resources and ultimately that is on electric vehicles packed with cutting-edge software.
“When you are a small company, you can’t bet on every horse in the race,” says Volvo chief commercial officer Erik Severinson. “If you bet on everything, you focus on nothing. We took a deliberate decision about five years ago to focus our internal resources on electric vehicles and software-defined vehicles.”
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