In 2022, the annual performance of Volvo Cars was announced, and in 2023, Volvo will increase its investment in China.

Not long ago, Volvo Cars announced its annual performance report for 2022. According to the report, the operating income of Volvo Cars increased by 17% in 2022, reaching 330.1 billion Swedish kronor, a record high. The operating profit is SEK 22.3 billion and the profit rate is 6.8%.

In response to this development achievement, Mr. Jim Rowan, President and CEO of Volvo Cars, said: "In 2022, we overcame many difficulties and made significant progress. We will continue to move forward towards the goal of transforming into a pure electric luxury car enterprise in 2030 and becoming a global climate zero-load benchmark enterprise in 2040. "

Of course, together with Volvo Car’s annual results in 2022, Volvo Car’s preliminary plan for 2023 was announced. It is understood that in 2023, Volvo Cars will launch a brand-new small pure electric SUV to attract a new target audience, and Volvo EX90 will also be put into production. At the same time, NOVO Energy, a joint venture with Northvolt, will begin to build a brand-new battery factory in Gothenburg.

In addition, Volvo Car Asia-Pacific Software Integration Center was recently completed in Jiading, Shanghai and officially put into use. Through this laboratory, the Asia-Pacific R&D center can be seamlessly connected with the R&D team of Swedish headquarters in Gothenburg for 24 hours. As a global unified software development team, it can jointly accelerate the software development and update of Volvo Cars’ next-generation brand-new native pure electric platform. In the current global smart car software solution competition, the software integration center will provide a leading edge, enabling Volvo Cars to continuously introduce more exciting new functions and experiences for consumers.

The reason for establishing a software integration center is that Volvo Cars knows that cars are gradually evolving from a hardware-driven electromechanical device to a software-driven electronic product. In fact, in 2022, all new cars of Volvo Cars will realize the online remote upgrade (OTA) function. Volvo EX90, the brand-new all-electric flagship SUV—— of Volvo Cars, can realize the full integration and rapid iteration of software functions through the brand-new central computing platform and the SOA software architecture of the whole vehicle, and continue to create a more personalized and intelligent travel experience for users through independent learning and online upgrade of OTA at the whole vehicle level.

Undoubtedly, the achievements made by Volvo in 2022 are worthy of our affirmation, and we also have reason to believe that the completion of the Asia-Pacific Software Integration Center will further enhance the global comprehensive strength of Volvo Cars in the field of software self-research, and will also help Volvo achieve even better results.