Or due to rising raw materials? The maximum increase of 23,000 yuan, Volvo’s new energy vehicle prices

Text|Ling Qingtu|Cheyu World, Internet

Reminder : In the world of Cheyu, only the most authentic car reviews are made. This article is a series of articles on [Cheyu World Industry Observation 0169 Price Increase of Some Volvo Models], which is original for Cheyu World. Please indicate when reprinting, and infringement must be investigated.

Recently, Tesla’s Model 3 and Model Y models announced official cuts, and the maximum price reduction reached 37,000 yuan. This has aroused widespread concern in the industry. At the same time, the fact that the official downgrade measures have also made Tesla’s models more popular. Some stores even said that the order volume in three days is equivalent to the sales volume in the past month.

Tesla 

However, when Tesla announced the price cut, official news from Walmart Motors showed that it raised the price of some of its new energy vehicles, with the highest price increase reaching 23,000 yuan.

Among them, the latest official guide price of Volvo XC40 Recharge is 279,900-319,000 yuan. Compared with before, its price has increased by 10,000-13,900 yuan.

As for the latest official guide price of Volvo C40 Recharge, it is 279,900-339,000 yuan. Compared with before, the price has increased by 11,000-23,000 yuan.

Volvo price hikes on some models 

Specifically, the price of the Volvo XC40 Recharge long-range version was increased from 267,000 yuan to 279,900 yuan, an increase of 12,900 yuan;

The price of the long-life PRO version has increased by 13,900 yuan compared to the previous one, and the latest price has reached 299,900 yuan.

As for the Volvo C40 Recharge long-range version, the price has been raised from 267,000 to 289,000 yuan. Compared with before, the price has increased by 22,000 yuan;

Volvo XC40 Recharge 

As for the Volvo C40 Recharge long battery life PRO, the increase is 23,000 yuan, and the latest price is 309,000 yuan; the latest guide price of the Volvo C40 Recharge four-wheel drive high-performance version of the PRO model reaches 339,000 yuan, an increase of 11,000 yuan.

This time, the price increase of Volvo’s two models may have a certain relationship with the increase in raw materials. According to data released by Shanghai Steel Federation, on October 27, battery-grade lithium carbonate rose by 2,000 yuan/ton, with an average daily price of 554,500 yuan/ton. Both hit record highs.

Moreover, in response to the increase in the prices of two Volvo models in this round, Volvo CEO also explained: “The increase in car prices lags behind the increase in costs.”

 Volvo C40 Recharge

As Volvo Cars’ two new energy models, these two models are built on the existing fuel vehicle platform and are the products of Volvo Cars’ promotion of electrification.

Among them, Volvo XC40 Recharge has been launched in the domestic car market for a long time. According to data from the Automobile Dealers Association, from January to September 2022, the cumulative retail sales of this car were 1,258 units.

Among them, in September 2022, the monthly retail sales of Volvo XC40 Recharge were 47 units. Compared with August, sales fell by 79.1%.

Sales trend 

As for the Volvo C40 Recharge, it will only be launched in July 2022. As of October this year, this car has only been launched in the domestic auto market for about 3 months.

According to data from the Automobile Dealers Association, since the launch of the domestic auto market, the retail sales of this car from July to September were 109 units, 229 units and 151 units, respectively.

Obviously, in September 2022, the retail sales of Volvo C40 Recharge showed a month-on-month decline. Compared with August, its sales fell by 34.06%.

Volvo 

According to the data of the Automobile Dealers Association, the current Volvo XC60 is still the sales model of Volvo Cars in the domestic market. Moreover, the Volvo S90’s sales performance is inferior to the XC60, but it is also performing well.

At the same time, in the field of fuel vehicles, Volvo XC40 and Volvo S60 also contributed a lot of sales to Volvo Cars. Specific to the field of new energy vehicles, Volvo Cars sales still need to improve.

Perhaps, as the electrification of Volvo cars continues, more competitive models will be launched. By then, the sales of Volvo’s new energy vehicles will be greatly improved.

This article declares:

1. This article is an original article by the operation department of Cheyu World, reviewed by Ling Qing, some pictures are from the Internet, and the data and related materials marked with the source are cited. The original copyright of Cheyu World is reserved. Please indicate the source and author for reprinting. If you love a car, come to Cheyu World, your exclusive choice.

2. The sales data of the models in this article come from the Automobile Dealers Association and are for reference only.