As it struggles with declining sales and an uncertain regulatory environment, Volvo is hoping to realign its fortunes by overhauling its electric vehicle plans. And a big part of that is a bet on hybrid technology - or more specifically, extended-range electric vehicles (EREV). At a factory tour in Ridgeville, South Carolina, Volvo made a series of announcements, including an updated EX90 SUV with an Nvidia-supplied computer and the start of production on the gas-powered XC60. But chief among them was the news that the automaker would begin production of an unnamed EREV, developed specifically for the US market.
The Gyesera's Hybrid EREV powertrain delivers a potent 566 horsepower and 546 lb-ft of torque, rocketing it from 0 to 60 mph in just 4.0 seconds.
Archer Aviation expects defense-related sales to become the largest segment of its business, surpassing passenger services in the near term, according to CEO Adam Goldstein.