"China is the core market for Volvo Cars to grow its business at multiple levels, from consumer to product development to electrification and intelligent supply chain integration. The great Volvo team gives me confidence in achieving my goals. In the future, Volvo Cars will continue to promote its electrification strategy, continue to open up the path of change, and provide a worry-free mobility solution for all in a personalized, sustainable and safe way. ”
Jim Rowan, volvo Cars' new CEO and President
On March 26, Jim Rowan, the new CEO and president of Volvo Cars, said at the 2022 China Electric Vehicle 100 Forum. It is reported that the theme of this year's 100-person forum is "Greeting the New Stage of Market-oriented Development of New Energy Vehicles", and conducts in-depth discussions on topics such as policy adjustment in the new stage of market-oriented development of new energy vehicles, international cooperation and policy coordination under the goal of carbon neutrality, industrialization of next-generation power batteries, and industrial investment and innovation.
The reporter of China Business Daily learned that Jim was invited to participate in the forum of the 100 Electric Vehicles Association and delivered a speech through video, which is also the first time that Jim has participated in a public event after taking over as a new Volvo Car.
Fast forward to January 5, when Volvo Cars announced Jim's appointment as CEO and president of Volvo Cars. On March 21, Jim officially joined Volvo Cars. It is reported that Jim served as ceo and board member of Ember Technologies and CEO of Dyson Group.
Volvo Cars said, "Jim has more than three decades of experience in the global consumer goods and technology sector, with a proven track record of strong growth and profitability through transformational strategies and customer engagement. He also has extensive experience in digitalization, disruptive technologies, innovation, engineering and supply chain. ”
As CEO and president of the new Volvo Cars, Jim also said: "This is a very critical era of transformation for the entire industry and for consumers. Volvo Cars has a proven track record of innovation, safety and quality, and brings together world-class talent, strong sustainability and technical prowess to be an industry leader in the future. ”
At this year's 100 Forum, Jim said in his speech: "For the future of mobility, I believe that what will shape the future is intelligent interconnection, sustainability, safety and personalization. Just as mobile phones will give you a seamless experience, from shopping, to communicating, to listening to music and replying to emails, the car will be a new platform, a new device, and a deep connection to other aspects of life. ”
Commenting on Volvo Cars' vision for the future, Jim said: "Volvo Cars has always been a leader in mobility, not only protecting you, your loved ones and the environment, but also bringing a pleasant and convenient driving experience. Volvo's strategy is to combine high-quality advantages and advanced technology that has been upheld for nearly a century, and to create new experiences for everyone on top of the brand values that have always been adhered to. ”
In addition, Jim elaborated on five clear goals of Volvo Cars' future strategy in his speech: first, Volvo Cars will adopt new sustainable materials to accelerate the electrification transformation and incorporate more advanced safety technologies; second, Volvo Cars will continue to promote innovative development and become a pure electric luxury car company by 2030. Third, Volvo Cars will continue to strengthen its leading position in new technologies, especially the in-vehicle central computing platform; fourth, Volvo Cars will continue to focus on direct consumer relationships and respond quickly to changes in consumers; fifth, to become the most rapid changemaker, building a unique corporate structure, open technology partnerships and an inclusive corporate culture, while strengthening our attraction and cohesion to our employees.
The reporter noted that in terms of electrification transformation, Volvo Cars has achieved the goal of electrification of all models, and plans to achieve full electrification in 2025, when the sales volume of pure electric models will reach 50%, and the rest will be hybrid models; by 2030, it will become a 100% pure electric luxury car company, and actively explore business models that match the electrification transformation.
On the capital level, on October 29, 2021, Volvo Cars announced its official listing on the Stockholm Stock Exchange in Sweden (part of the NASDAQ Group). In addition, the 2021 results report shows that Volvo Cars' revenue for the full year 2021 reached SEK 282 billion, up from SEK 262.8 billion in 2020. Operating profit increased by 138% year-on-year to SEK 20.3 billion from SEK 8.5 billion in the previous year, with a margin of 7.2%, and both revenue and profit for the full year hit record highs.
(Editor: Quartzing Proofreader: Peng Yufeng)