Latest news with #VolvoXC60
Yahoo
27-05-2025
- Automotive
- Yahoo
Lynk & Co turns to PHEV with 200 km electric-only range in bid to end sales slump
GOTHENBURG, Sweden — Geely subsidiary Lynk & Co is looking to reverse a steep sales slump in Europe with the addition of the 08, a midsize SUV that can drive 200 km (124 miles) in electric-only mode. Lynk & Co's sales of its two-model lineup, the 01 compact SUV and 02 compact hatchback, through April were down 33 percent to 1,653, according to figures from market researcher Dataforce. The plug-in hybrid electric vehicle will be aimed at car buyers reluctant to switch to full electric. 'For plug-in hybrid customers, we think the long electric range will stand out as a clear upgrade,' Lynk & Co CEO Nicolas Lopez Appelgren told Automotive News Europe during a driving event for the 08 here May 13. 'EV drivers, on the other hand, may see it as a more practical option given the current state of charging infrastructure. And for high-end petrol buyers, the similar price point could make switching to a plug-in hybrid an easy decision.' Until recently, the electric-only range on most PHEVs was less than 100 km — and in many cases only about 50 to 60 km. Several automakers debuted long-range PHEVs with bigger batteries — the 08's pack is 39.6 kilowatt-hours — toward the end of 2024 ahead of a Jan. 1 deadline that increased emissions ratings for the technology to better reflect real-world use. At the same time, some Chinese brands launched PHEVs in Europe, notably BYD, to avoid EU tariffs on battery-electric vehicles made in China. PHEV sales were up 32 percent in April, according to Dataforce. The bestselling model last month was the BYD Seal U, followed closely by the Volkswagen Tiguan and Volvo XC60. Sign up for the Automotive News Europe Focus on Electrification newsletter, a weekly wrap-up of the latest electric vehicle news, including interviews and global EV sales data. Lynk & Co also will avoid the higher tariff on the China-made 08. The midsize SUV enters a part of the segment that has seen huge growth this year, with overall sales of models with PHEV powertrains up more than 200 percent to 51,823 after four months. Seven of the 10 top-selling PHEV midsize SUV are new to the niche. Another limiting factor for PHEVs was the time it took to replenish the batteries, often several hours using AC charging. PHEVs with longer ranges offer DC fast charging, which for the 08 means it's possible to boost the batteries to 80 percent from 10 percent in about 30 minutes at 85 kilowatts. Using AC charging at 11 kW means charging to 100 percent take four and a half hours. The 08 offers a combined 345 hp of power from its four-cylinder gasoline engine and electric motor. The 08's cockpit is dominated by an iPad-like touchscreen in the center of the dashboard, below which is an inductive pad to provide wireless charging for up to two smartphones. Built-in car sharing, integrated Wi-Fi, a specially designed Harman Kardon sound system, and advanced driver-assistance features — from park assist sensors to driver monitoring — are included. Customizable 'modes' are also available. They include a 'relax mode,' with soothing music and sunshades, and a 'pet mode' that turns on the climate control system and displays a message informing passersby that the pet is safe from freezing or overheating and that the owner is aware it is inside the vehicle. The 08 comes in two trims, Core and More, with the More package offering larger wheels, heated rear seats and an upgraded Harmon Kardon sound system. Target buyers: Range-anxious families What's good: Having an electric-only range of 200 km What's bad: Constant warnings from the driver-assistance systems that are likely to force more people to turn them off Launch date: June 2025 Starting price: €55,995 in Germany ($63,500) Platform: CMA Evo Built: Yuyao, China Annual production forecast: 6,000 in 2025, 12,000 in 2026 Lowest CO2 emissions: 23 g/km
The Citizen
12-05-2025
- Automotive
- The Citizen
Volvo XC60 shows why plug-in hybrids are the way to go
PHEV's running costs just R1.11 per kilometre compared to traditional SUV's R1.70. The Volvo XC60 Recharge offers the best of both worlds. Picture: Volvo The migration from internal combustion engine cars (ICE) to new energy offerings is gradually picking up speed in South Africa. Hybrids (HEV), plug-in hybrids (PHEV) and battery electric vehicle (BEV) are finding more and homes each year as buyers start recognising their benefits. According to CleanTechnica, sales of PHEVs doubled in 2024. A PHEV combines elements of both a traditional HEV and an BEV. Take the Volvo XC60 Recharge, for example. Under the bonnet is a turbo- and supercharged 2.0-litre four-cylinder engine, supported by an electric motor and an 18.8kWh battery. ALSO READ: Know the PHEVs from the BEVs in Volvo's new energy repertoire Volvo XC60 packs a punch It offers an electric range of up to 81km, which is more than the average commuter travels per day. If charging isn't possible, the engine serves as a backup. This eliminates range anxiety usually associated with EVs. And just because PHEVs are greener doesn't mean they are slower than ICE cars. The XC60 Recharge produces 340kW of power and 709Nm of torque. It can 100km/h from a standstill in just 4.8 seconds which is quicker than many V8-powered SUVs. But unlike thirsty ICE performance cars, PHEVs are renowned for its low running costs. While Volvo claim the XC60 Recharge will only sip 1.6 litres per 100km, it is a bit more complicated than that. First of all, the real-world number is higher, while electricity costs also needs to be factored into the equation. Put to the test So how does a PHEV's running costs compare to that of a similarly sized ICE SUV? The Citizen Motoring tested the larger Volvo XC90 Recharge over a 100km route that included a mix of highway and urban driving, heavy traffic, and multiple passengers on board to mirror how most people use their vehicles. Charging the battery at domestic rates cost us R56.40, while filling up the fuel tank with Unleaded 95 after 100km worked out to R55.10. The total cost of 100km was R111.50 which worked out to R1.11 per kilometre. An ICE SUV that achieves fuel consumption of 8L/100km will need R170.32 worth of fuel for every 100km. This works out to R1.70 per kilometre, which is more than 53% higher than the PHEV. ALSO READ: Volvo XC60 refreshed again after combustion engine commitment Best of both worlds This is clear proof that PHEVs offer a compelling blend of efficiency, performance, and flexibility. Reduced running costs make PHEVs a smart choice for those looking to cut fuel expenses without sacrificing power or long-distance capability. With rising fuel prices, the ability to drive on electric power alone for daily commutes adds even more value. As South Africans continue to embrace electrified vehicles, PHEVs stand out as a practical and cost-effective stepping stone toward full electrification.
Yahoo
23-04-2025
- Automotive
- Yahoo
These 10 Hybrids Hold Their Value Less Than All Other Models
In a car market where depreciation is one of the biggest costs for buyers, hybrids have long been a safe bet. They're efficient, practical, and in high demand — especially as gas prices remain unpredictable. But not all hybrids are created equal when it comes to resale value. According to a new iSeeCars study analyzing over 800,000 five-year-old used cars, some hybrid models are depreciating faster than others, despite the segment's overall strong performance. While hybrids as a whole lose just 40.7% of their value after five years (well below the industry average of 45.6%), these 10 models all depreciate more than that. Some are luxury crossovers, others are aging designs, and a few suffer from poor name recognition or tepid demand. Here are the 10 hybrids that hold their value less than the rest. Topping the list of worst-performing hybrids is the BMW 5 Series, which loses a staggering 64.7% of its value, or nearly $47,500, over five years. As a luxury midsize sedan, the 5 Series Hybrid faces steep competition from within BMW's own lineup, as well as from rival brands. Its high starting price, tech-heavy features that age quickly, and costly maintenance all contribute to this rapid depreciation. For value-conscious buyers, this hybrid might be better left to the lease market. The Volvo XC60 blends Scandinavian design with plug-in hybrid efficiency, but its resale value tells a different story. With a 57.4% depreciation rate and over $33,000 in lost value after five years, it ranks among the worst for hybrid value retention. Despite strong safety ratings and premium interiors, buyers may be wary of high repair costs and rapidly evolving plug-in tech. Combine that with a crowded luxury SUV market, and the XC60 struggles to hold its ground in the used car world. The GLC combines Mercedes luxury with some electric driving ability, but it comes at a cost. The vehicle loses more than half its value in five years, shedding an average of $32,552. Like most luxury hybrids, the GLC suffers from rapid tech turnover and expensive upkeep, which makes used buyers think twice. Mitsubishi's plug-in Outlander was once a pioneer in the space, but newer, better-equipped rivals have left it behind. The model's dated interior and underwhelming electric range likely play a role in its high depreciation. After five years, it loses more than 53% of its value — about $21,600 — making it a rough investment despite its hybrid powertrain. Ford's Escape Hybrid re-entered the market with solid EPA numbers and a practical package, but it hasn't caught on like Toyota's offerings. A 52.3% depreciation rate (equivalent to $17,000 in lost value) shows that buyers are still skeptical, or simply prefer competitors. The Escape's frequent refreshes and somewhat forgettable design may also be hurting its long-term value. Despite its performance and badge appeal, the Cayenne Hybrid still ranks well above the group average in terms of hybrid vehicle depreciation. Luxury hybrids generally depreciate faster, and the Cayenne is no exception, losing over $50,000 on average in five years. High maintenance costs and rapid technology changes likely contribute to its steep decline. The Sonata Hybrid is stylish, efficient, and packed with features, but it still loses almost half its value in five years. That puts it well behind direct rivals like the Camry Hybrid. Part of the issue could be Hyundai's brand perception in the used car market and a relatively low take rate among new Sonata buyers, which reduces familiarity and demand in the used space. Like its non-plug-in counterpart, the Niro PHEV faces the same resale headwinds — compact dimensions, front-wheel drive only, and limited name recognition. Even though it offers a small electric-only range, the value of used plug-in hybrids is highly variable depending on buyer preferences and gas prices. This version also depreciates 47.6% over five years, the equivalent of roughly $16,400, making it one of the weaker performers in the hybrid category. Luxury sedans, even hybrid ones, have a tougher time holding value. The Lexus ES 300h is comfortable and well-equipped, but it depreciates more like a high-end car than a fuel-sipping commuter. With a five-year drop of 47.6%, that's more than $20,000 gone. For shoppers looking for resale value, the similarly sized Toyota Camry Hybrid is a better bet. The Kia Niro has always been a bit of a niche product. It's smaller than most compact SUVs and doesn't offer all-wheel drive, which limits its appeal in snowy regions. Despite being affordable and efficient, the Niro loses nearly 47% of its value, about $12,600, in five years. The model's relatively bland styling and underwhelming performance may also be contributing factors. Even the worst-performing hybrids in this list still beat most electric vehicles in resale value. EVs now lose 58.8% of their value over five years, while hybrids average a more reasonable 40.7%. Still, as these ten examples show, simply choosing a hybrid isn't a guarantee of strong resale value. Buyers should look at individual model trends, demand, and segment competition. Still, the hybrid segment is a promising one for drivers looking to save money over the long term. 'The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value,' said iSeeCars executive analyst Karl Brauer. For those who care about resale value, hybrids remain a smart pick overall, just make sure you're picking the right one.
Miami Herald
21-04-2025
- Automotive
- Miami Herald
These 10 Hybrids Hold Their Value Less Than All Other Models
In a car market where depreciation is one of the biggest costs for buyers, hybrids have long been a safe bet. They're efficient, practical, and in high demand - especially as gas prices remain unpredictable. But not all hybrids are created equal when it comes to resale value. According to a new iSeeCars study analyzing over 800,000 five-year-old used cars, some hybrid models are depreciating faster than others, despite the segment's overall strong performance. While hybrids as a whole lose just 40.7% of their value after five years (well below the industry average of 45.6%), these 10 models all depreciate more than that. Some are luxury crossovers, others are aging designs, and a few suffer from poor name recognition or tepid demand. Here are the 10 hybrids that hold their value less than the rest. Topping the list of worst-performing hybrids is the BMW 5 Series, which loses a staggering 64.7% of its value, or nearly $47,500, over five years. As a luxury midsize sedan, the 5 Series Hybrid faces steep competition from within BMW's own lineup, as well as from rival brands. Its high starting price, tech-heavy features that age quickly, and costly maintenance all contribute to this rapid depreciation. For value-conscious buyers, this hybrid might be better left to the lease market. The Volvo XC60 blends Scandinavian design with plug-in hybrid efficiency, but its resale value tells a different story. With a 57.4% depreciation rate and over $33,000 in lost value after five years, it ranks among the worst for hybrid value retention. Despite strong safety ratings and premium interiors, buyers may be wary of high repair costs and rapidly evolving plug-in tech. Combine that with a crowded luxury SUV market, and the XC60 struggles to hold its ground in the used car world. The GLC combines Mercedes luxury with some electric driving ability, but it comes at a cost. The vehicle loses more than half its value in five years, shedding an average of $32,552. Like most luxury hybrids, the GLC suffers from rapid tech turnover and expensive upkeep, which makes used buyers think twice. Mitsubishi's plug-in Outlander was once a pioneer in the space, but newer, better-equipped rivals have left it behind. The model's dated interior and underwhelming electric range likely play a role in its high depreciation. After five years, it loses more than 53% of its value - about $21,600 - making it a rough investment despite its hybrid powertrain. Ford's Escape Hybrid re-entered the market with solid EPA numbers and a practical package, but it hasn't caught on like Toyota's offerings. A 52.3% depreciation rate (equivalent to $17,000 in lost value) shows that buyers are still skeptical, or simply prefer competitors. The Escape's frequent refreshes and somewhat forgettable design may also be hurting its long-term value. Despite its performance and badge appeal, the Cayenne Hybrid still ranks well above the group average in terms of hybrid vehicle depreciation. Luxury hybrids generally depreciate faster, and the Cayenne is no exception, losing over $50,000 on average in five years. High maintenance costs and rapid technology changes likely contribute to its steep decline. The Sonata Hybrid is stylish, efficient, and packed with features, but it still loses almost half its value in five years. That puts it well behind direct rivals like the Camry Hybrid. Part of the issue could be Hyundai's brand perception in the used car market and a relatively low take rate among new Sonata buyers, which reduces familiarity and demand in the used space. Like its non-plug-in counterpart, the Niro PHEV faces the same resale headwinds - compact dimensions, front-wheel drive only, and limited name recognition. Even though it offers a small electric-only range, the value of used plug-in hybrids is highly variable depending on buyer preferences and gas prices. This version also depreciates 47.6% over five years, the equivalent of roughly $16,400, making it one of the weaker performers in the hybrid category. Luxury sedans, even hybrid ones, have a tougher time holding value. The Lexus ES 300h is comfortable and well-equipped, but it depreciates more like a high-end car than a fuel-sipping commuter. With a five-year drop of 47.6%, that's more than $20,000 gone. For shoppers looking for resale value, the similarly sized Toyota Camry Hybrid is a better bet. The Kia Niro has always been a bit of a niche product. It's smaller than most compact SUVs and doesn't offer all-wheel drive, which limits its appeal in snowy regions. Despite being affordable and efficient, the Niro loses nearly 47% of its value, about $12,600, in five years. The model's relatively bland styling and underwhelming performance may also be contributing factors. Even the worst-performing hybrids in this list still beat most electric vehicles in resale value. EVs now lose 58.8% of their value over five years, while hybrids average a more reasonable 40.7%. Still, as these ten examples show, simply choosing a hybrid isn't a guarantee of strong resale value. Buyers should look at individual model trends, demand, and segment competition. Still, the hybrid segment is a promising one for drivers looking to save money over the long term. "The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value," said iSeeCars executive analyst Karl Brauer. For those who care about resale value, hybrids remain a smart pick overall, just make sure you're picking the right one. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
03-04-2025
- Automotive
- Yahoo
Volvo Cars reports 10% sales decline in March as EV sales slow
Sweden-based Volvo Cars recorded a 10% drop in global sales for March 2025 due to lower sales of fully electric vehicles. The Geely-owned carmaker sold 70,737 cars compared to the same month last year. Sales of electrified models, including fully electric and plug-in hybrid vehicles, fell 9% compared to March 2024. The share of electrified models made up 43% of total car sales for the month, while fully electric vehicles accounted for 19% of all units sold. In Europe, the company sold 36,093 cars in March, a 9% decrease compared to the same period previous year, with electrified models seeing an 18% decline. Volvo Cars, in the US, experienced an 8% drop in sales, with 14,052 cars sold in March. However, the sales of electrified models in the country increased by 5% compared to the same period last year. Meanwhile, in China, sales plummeted by 22%, with 10,867 cars sold. Despite this, sales of electrified models in China increased by 20%, with 1,243 cars sold. The Volvo XC60 remained the company's top-selling model in March, with 23,776 cars sold, followed by the XC40/EX40 and the XC90. The first quarter of the year (Jan-Mar) saw Volvo Cars' global sales reach 172,219 cars, marking a 6% decrease from the same period in the previous year. Volvo Cars appointed Håkan Samuelsson as chief executive officer and president, effective 1 April 2025. Samuelsson, who previously served as Volvo Cars CEO from 2012 to 2022, will hold the position for two years while the company prepares to name a long-term successor. During his previous tenure at Volvo Cars, Samuelsson led the company's transformation into a 'global premium brand' and its subsequent public listing. He also held the position of Polestar chairperson until 2024. Samuelsson will succeed Jim Rowan who served as CEO since 2022. "Volvo Cars reports 10% sales decline in March as EV sales slow" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
