Volvo Car Malaysia Announces A Future that is All-Electric

• Unveils the XC40 Recharge Pure Electric

• Volvo Car Malaysia to get 75% sales from EVs by 2025

• Aims to be a fully electric company by 2030

Kuala Lumpur, 15th March 2022 - Volvo Car Malaysia officially steps into an all-electric future with the introduction of the XC40 Recharge Pure Electric for the Malaysian market.  This is part of Volvo’s global ambition of becoming a fully electric company by 2030. To date, Volvo is the only automotive maker in Malaysia with a full range of locally assembled (CKD) Plug-in Hybrids.

During a press conference to announce the launch of the XC40 Recharge Pure Electric, Charles Frump, Managing Director of Volvo Car Malaysia made the following major announcements:

• Volvo Car Malaysia aims to become the leading electric luxury car brand in Malaysia;

• Starting 2022, Volvo Car Malaysia will launch one new electric vehicle (EV) every year;

• The XC40 Recharge Pure Electric is Volvo’s first EV in Malaysia;

• Volvo Car Malaysia is the first luxury car brand in the country to locally assemble EVs in the form of a CKD unit;

• Price of the XC40 Recharge Pure Electric will be announced on 4 April 2022, after which customers may book online on the same day

• Deliveries for the XC40 Recharge Pure Electric will start from the end of April 2022;

• Hassle-free price across Malaysia for the XC40 Recharge Pure Electric;

• Volvo Car Malaysia will export fully electric vehicles to markets within the ASEAN region soon.

The Volvo XC40 Recharge Pure Electric will be available for viewing at all authorised Volvo dealers in Malaysia from 4 April 2022. Deliveries of the XC40 Recharge Pure Electric will start from the end of April 2022 onwards, for all locations throughout Malaysia. Interested buyers can book a test drive through www.volvocars.com/my or contact any Volvo authorised dealer to experience the XC40 Recharge Pure Electric.

For more information, please visit www.volvocars.com/my or follow Volvo Car Malaysia on Facebook and Instagram.

Volvo Car Malaysia aims to accelerate its transformation towards electrification with a 75% contribution from its pure electric line-up by 2025. Through this ambitious goal, Volvo looks to become the leading car maker of premium EVs in Malaysia. To kick off this new chapter of electrification, Volvo Car Malaysia has introduced the XC40 Recharge Pure Electric, its first fully electric car.

Charles Frump, Managing Director of Volvo Car Malaysia, said: “Volvo Car Malaysia is ready to implement Volvo’s global plan for a fully electric line-up by 2030, starting with the launch of the XC40 Recharge Pure Electric today. The XC40 Recharge Pure Electric is just one of our many steps to encourage consumers to adopt electric vehicles for a more sustainable future. By mid-decade, we’re aiming to reduce our overall CO2 lifecycle emissions per car by 40 per cent. This means more than simply reducing tailpipe emissions – electrification is not enough. We must reduce CO2 emissions across our operations and supply chain.”

Based on the XC40 small premium SUV, the XC40 Recharge Pure Electric features a fully electric all-wheel-drive powertrain that offers a range of up to 418 km* on a single charge The debut of the XC40 Recharge Pure Electric is a milestone for Volvo Car Malaysia, as it works towards becoming a climate-neutral company by 2040.

Continuing Volvo Car Malaysia’s historic achievement, the XC40 Recharge Pure Electric for the Malaysian market is a CKD that is locally assembled. The premium automotive maker will also export fully electric vehicles to markets within the ASEAN region soon. With its capabilities to assemble pure electric vehicles through its own local assembly plant, Volvo Car Malaysia will now launch a new electric vehicle in Malaysia every year for the next five years.