GOTHENBURG, Sweden -- Volvo's Universe concept car, along with an all-new platform and a new engine family, signal the Swedish brand's independent future under its Chinese owners, CEO Stefan Jacoby said.
"It is a challenge to prove that we can be on our own," Jacoby said in an interview at the carmaker's headquarters here.
China's Zhejiang Geely Holding Group bought Volvo from Ford Motor Co. last year, will help the brand in its aim to boost annual sales to 800,000 in 2020 from 373,525 units in 2010, Jacoby said, adding that Volvo's independence is guaranteed since it has no direct links with Geely Automobile and instead operates under the parent holding company.
At the Shanghai auto show on Tuesday, Volvo unveiled a new platform that will underpin its future large models, along with a design study called the Universe that signals the Swedish brand's new styling.
The platform, which Volvo calls Scalable Platform Architecture – or SPA – will underpin most of the brand's future model range from mid-sized to larger models and will be used exclusively by Volvo. "It will be too expensive for application of future Geely products," Jacoby said.
The platform "is very flexible, with a horizontal scope to produce as many body variants rather than focusing on maximized volume," Jacoby said.
Volvo is also developing a new four-cylinder, 2.0-liter gasoline engine family with a wide performance range between 150hp and 320hp. "This engine will cover 80 percent to 85 percent of our gasoline engine needs," Jacoby said.