The goal by 2020 is to increase overall sales to 800,000 annually, up from over 570,000 in 2017.

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The first all-electric model to be introduced by Volvo's Polestar brand in late 2019.

It means that we should expect a new electric Volvo in 2020 and we believe it will be XC40 BEV.

"The XC40 will receive a hybrid powertrain in autumn this year, and its also expected to be the first Volvo to go fully electric. Volvo-owned performance brand Polestar is expected to launch its pure electric vehicle first, which will closely resemble the Concept 40.2 shown last year."