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Volvo aims for 30% sales growth this year

Volvo Cars (Thailand) Co has set a sales target of 20%-30% growth in 2022, all driven by sales in the battery electric vehicle (BEV) segment as domestic and global demand for environmentally friendly cars continues to rise.

The company increasingly focuses on BEVs, following a global campaign against carbon dioxide emissions, said Chris Wailes, managing director of Volvo Cars (Thailand).

"Volvo will launch new car models in Thailand this year as demand in the premium car segment continues to grow," he said.

"The company plans to launch 1-2 EV [electric vehicles] models a year."

It plans to launch the C40 Recharge during the 2022 Bangkok International Motor Show.

In the sports utility vehicle (SUV) segment, Volvo expects its XC40 and XC60 models will make a significant contribution to the revenue growth in 2022.

The company will also team up with business partners to improve sales and marketing plans.

Sweden-based Volvo Car Corporation launched a 10-year EV plan, starting in 2021, by setting a target to have EVs make up 50% of its car sales by 2025 and increase to 100% within 2030.

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