Car Malaysia closed 2022 with another record sales volume with 3,194 vehicles delivered to customers nationwide. The achievement was the seventh consecutive year of sales growth for the Swedish brand, with the 43% increase over the 2021 volume also being a record.
2022 was also significant for Volvo in Malaysia as it was the first brand to locally assemble a battery electric vehicle , just as it was the first brand to assemble cars in Malaysia in 1967. The first model was the XC40 Recharge Pure Electric which was launched in March, followed by the C40 Recharge Pure Electric in December.
“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,” said Charles Frump, Managing Director of Volvo Car Malaysia.
Product development was also constrained by funding and if you were to look at the models prior to the 850, their platforms were basically evolutionary developments of the one in the 144. The engines too were around a considerable length of time and it was only with the 850 that Volvo undertook a massive project to develop an entirely new car and engine family.
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