Volvo Cars aims to boost global sales more than 70 percent to 1.2 million by 2025, with half of those models being full electric and half of its transactions to be done online. CEO Jim Rowan said the Swedish automaker's next model, a small electric crossover that he refers to as the EX30, will be a "big part" of achieving the targets.
Rowan, 57, a former Dyson executive who took charge at the automaker in March, also outlined why it is critical for Volvo to become an expert in software and silicon. He discussed this, as well as Volvo's plan to keep upgrading and selling its XC90 flagship crossover despite the arrival of its range-topping EX90 electric crossover, with Automotive News Europe Managing Editor Douglas A. Bolduc. Here are edited excerpts.