Volvo will launch its first all-electric car in 2019 to take on Tesla - here's everything we know
The carmaker said Wednesday that it plans to produce its first fully electric car in China and will export it around the world.The Swedish automaker, which is owned by the Chinese company Geely, is making a big bet on electric vehicles. Advertisement
In 2015, Volvo launched its XC90, which was its first vehicle with a hybrid powertrain. And in April 2016, the company vowed that it would sell one million electrified cars by 2025.
Volvo's first fully electric car is slated to go into production in 2019. Here's everything we know about the car so far.Get the latest Tesla stock price here.
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