Volvo Car Malaysia has just announced its 2022 sales performance, where it recorded a total of 3,194 units sold. The achievement marks the seventh consecutive year of sales for the company, and a record high annual sales figure for the company, representing a growth of 43% compared to the previous year.
The company says that its sales growth is attributed to the launch of the XC40 and C40 Recharge Pure Electric models here in Malaysia – the latter already receiving more than orders in just 10 days since its local debut.
Both cars are also locally assembled in Volvo Car Malaysia’s manufacturing plant in Shah Alam, making them the firs two full EVs to be assembled in Malaysia.
Commenting on the achievement, Volvo Car Malaysia Managing Director, Charles Frump said, “The launches of our first two locally assembled electric vehicles have been the catalysts of our sales growth. With an increased market share of our fully electric vehicles globally, we are optimistic the same will apply in Malaysia.”
“In ending a successful 2022, we are excited to drive an all-electric future as we reinforce our commitment to offer Malaysians freedom to move in a personal, sustainable and safe way,” Frump added.
In line with its global ambitions, the company is committed – and on track – to becoming a fully electric vehicle company by 2030. Volvo Car Malaysia has also previously announced its target for achieving 75% of sales from EVs by 2025.
Globally, Volvo Cars achieved a total sales of 615,121 units in 2022, a result that it says was unavoidably affected by challenges across the supply chain, including production restraints caused by component shortages and Covid-related lockdowns.
However, the company says that demand for its overall Recharge line-up remains steadfast, with its fully-electric models accounting for 20.1% of global sales in December 2022. Together with the plug-in hybrid models, the Recharge line-up accounted for 43.8% of total sales in the same month.