Volvo stops selling internal combustion engine models! Will it become the next Polestar if it goes all-in on pure electric?

A few days ago, Zhidian Travel learned that Volvo Cars had removed the last car equipped with a diesel engine from the production line on March 26, which also indicates that the brand will stop the production of diesel models. According to previous figures, Volvo has produced more than 9 million diesel-powered cars since 1991 (excluding data from the last 12 months), and between 2012 and 2016, more than half of the models produced by the brand were diesel versions, mainly sold to the European market.

According to previous plans, Volvo plans to become a pure electric vehicle brand by 2030 and achieve carbon neutrality by 2040, and has stopped working on new internal combustion engine models last year. At the same time, the latest Volvo EX30 model has also achieved good sales results in the European market, and has successfully entered the top 10 best-selling cars in Europe with the brand's EX40 model. Volvo is also the third largest brand in Europe in terms of electric vehicle sales, second only to Tesla and BMW's i series electric models.

In February this year, Volvo and the Polestar brand also announced their "dissolution", distributing 62.7% of the shares of the Polestar brand to other shareholders and reducing their own shares to 18%. Polestar will provide any funding, but the two companies will retain an operational partnership on the R&D, manufacturing, aftermarket and commercial channels, while Geely will also be responsible for providing operational and financial support to Polestar. As many luxury and joint venture brands have announced that they will "slow down the research and development of pure electric models", this shows that the new energy market is currently facing a "weak" sales trend, and whether Volvo's new energy development can break out of the encirclement in the future? Let's wait and see.