It is developing a fully electric vehicle on its Scalable Product Architecture (SPA) as well and the Swedish company also plans to offer plug-in hybrid versions of every model.
Tesla is planning to launch its first mass-market auto, the Model 3, by the end of this year, but the majority of its pre-orders are expected to arrive in 2018.
Carmakers in China are scrambling to develop and sell so-called new energy vehicles (NEVs) in anticipation of tougher new rules expected to be implemented as early as next year.
As it now stands, China is the world's largest sales market for electrified cars, with ambitious targets to expand sales of fully electric and hybrid vehicles in order to address congestion and air quality issues in its cities.
Given the popularity of small SUVs worldwide, an electric version of the XC40 is understood to be the front-runner in Volvo's plan. The 40-series is known to include the S40 saloon and XC40 small SUV - the latter of which is due to go on sale later this year. And Volkswagen's first long-range, electric crossover is coming in 2020. Automakers say they may be unable to meet those targets and regulators have suggested they might be reduced or postponed.
Electric cars are exempt from sales tax and quotas on license plates ssued in Beijing, Shanghai and other cities to curb congestion and smog.
European Union warns Turkey on death penalty 'red line'
In Ankara , Fatma Korur, 46, said she was exercising her constitutional right to object to "illegal" results. On Monday, global election monitors delivered a scathing verdict on the conduct of the referendum.
"That will create a market pull rather than the government forcing action", he said.
Volvo has two factories in China and in 2015 became the first automaker to export Chinese-made cars to the United States.
As soon as we get some more information about this new Volvo electric auto we will let you guys know, you can find out further details at the link below.
Regulators have eased some regulations in an effort to encourage foreign companies to play a bigger role in developing the Chinese industry but manufacturers say they are waiting to see the final requirements.
To cooperate in product development, Ford has transferred battery technology and software to its joint venture with Chang'an, Worthington said. Everything could change tomorrow.
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