Volvo Car Malaysia officially launched the brand-new Volvo XC40 Recharge T5 R-Design today, making it the first and only automotive brand in Malaysia to offer a full range of Completely Knocked-Down (CKD) plug-in hybrid electric vehicles (PHEV) all assembled in Malaysia.
Priced at RM255,888, the XC40 Recharge T5 is now reduced to RM241,997.04 after sales tax exemption (on-the-road, without insurance) and will be available for viewing at all authorised Volvo dealers nationwide starting today.
Built on Volvo’s Compact Modular Architecture (CMA) platform , the Volvo XC40 Recharge T5 comes with Volvo’s first-ever 1.5 litre turbocharged three-cylinder engine Drive-E powertrain, with an electric motor mounted to its seven-speed dual-clutch automatic gearbox to drive the front wheels.
The Recharge T5 powertrain has a combined output of 262 hp and 425 Nm of torque, while 160 Nm of torque and a maximum power of 82 hp is generated from the electric motor to give a boost of instantaneous acceleration.
Together with the petrol engine, the XC40 Recharge T5 reaches 100km/h in 7.3 seconds and comes with its speed capped at 180km/h following the company’s announcement in March 2020.
Assembled in Malaysia, the XC40 Recharge T5 comes equipped with the same award-winning safety, connectivity and infotainment technology expected of a modern Volvo within its sporting edge design.
Some of the technology included in the XC40 Recharge T5 are safety and driver assistance features such as the Pilot Assist system, City Safety, Run-off Road protection and mitigation， Cross Traffic alert with brake support.
The XC40 Recharge T5 offers five different drive modes for a more dynamic driving experience: Hybrid (default), Pure, Off-road, Power and Individual.
In terms of the design, the Volvo XC40 Recharge T5 is near identical to the other XC40 variant, with the most obvious difference being the charging lid.
Additionally, the storage areas in the cabin have been designed to provide drivers with more functional storage space in the doors, including retractable hooks for hanging items.
Book it online
That being said, the new Volvo XC40 Recharge T5 R-Design is available for online booking through Volvo Car Malaysia’s website as a safer alternative and in adherence to the government’s standard operating procedures (SOPs). The government recently extended its sales tax exemption for all vehicle purchases till 30 June 2021.
Customers will have the option to choose from among five distinct colours – Blackstone, Crystal White Pearl, Bursting Blue Metallic, Glacier Silver Metallic and Coral Red Metallic.
Despite the COVID-19 pandemic, lockdowns, car sales coming to a halt in many parts of the world, Volvo still managed to sell a decent number of cars in 2020. In fact, the Swedish carmaker reported that it recorded the strongest second-half sales numbers in the company’s history in 2020.
After a brief shutdown during the first half of 2020, Volvo was quick to restart production in the second half, as there was fast-growing demand for its Recharge line-up of chargeable cars like the Volvo XC40 Recharge among others.
The share of Recharge models, with a fully electric or plug-in hybrid powertrain, more than doubled in 2020 compared to 2019. In Europe, the share of Recharge cars of overall sales was 29 per cent, making Volvo the leading brand in the region for chargeable cars. It was also a leading plug-in hybrid brand in the US.
In China and the United States, its two largest individual markets, the company reported growing sales for the full year as it managed to more than recover a pandemic-related sales drop in the first half during the second half of the year.
“We had a great second half of the year after a tough start, gaining market share in all our main sales regions,” said Lex Kerssemakers, head of Global Commercial Operations. “We aim to build on this positive trend in 2021 as we continue to roll out new electrified Volvos and expand our online business.”
While sales dropped by 21 per cent in the first half, the company resumed its growth trajectory of recent years in the second half of 2020, reporting solid month on month growth from June onwards. Sales rose by 7.4 per cent to 391,751 cars in the second half compared to the same period in 2019.
Globally, Volvo Cars sold 661,713 cars in 2020, a decline of 6.2 per cent compared to 2019. Although final numbers for the full year are yet to be confirmed, the company outperformed its competitors and gained market share in all its main sales regions during the first eleven months of the year.
Sales rose by 7.5 per cent in China in 2020, to 166,617 cars, compared to 2019. In the US, the company sold 110,129 cars, a 1.8 per cent increase compared to the year before. In both markets, strong demand for the company’s award-winning SUV line-up was responsible for the majority of sales volumes.
In Europe, Volvo Cars saw strong demand for its Recharge cars in many key markets. A sluggish overall market, held down by pandemic-related restrictions, meant that overall sales fell by 15.5 per cent for the whole year.
The pandemic also accelerated the company’s move towards online sales, which will continue to be a focus area in 2021. In 2020, Volvo Cars more than doubled its number of subscriptions sold online versus 2019. Conquest rates via this channel continued to be high, supporting the increase in market share.
By 2025, Volvo aims for its global sales to consist of 50 per cent fully electric cars, with the rest hybrids. It is currently the only car maker to offer a plug-in hybrid variant on every model in its portfolio.