“You can’t suddenly create heritage overnight”: Why Volvo doesn’t fear the Chinese newcomers
Volvo says it won’t look to compete with the Chinese newcomer brands — including those that are part of its same global company — suggesting Australian customers will still want “the tried and trusted”.
Speaking at the launch of the all-electric EX90, Volvo Cars Australia MD Stephen Connor told EV Central that he views Geely, Zeekr, Polestar and the still incoming Lynk & Co the same as any other competitor brand, despite all being sub-brands of the giant Geely Auto Group.
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“We don’t follow the competitors. As soon as you follow them, you end up fighting in a price war and a spec war. We get along and do our own thing,” he says.
“So it doesn’t matter whether it’s Zeekr, whether it’s Geely, they’re still a competitor to us because of our structure. And they will remain a competitor.
“But I don’t spend any time worrying about what they do. We spend all of our time worrying about what we do. Because otherwise, like I said, if you start chasing them, it’s a downward spiral.”
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The executive was delicate in avoiding calling out Geely brands specifically, but did suggest that Volvo could offer something that no Chinese newcomer could match – “heritage”.
“I am really impressed by all of them coming through. The product coming through is amazing,” he says.
“The only thing I would say, and this isn’t about Geely, it’s about the other brands. You can’t suddenly create a heritage overnight, right?
“So whatever people say, we’ve got 97 years worth of heritage in this company. We’ve been making cars that look beautiful and drive beautifully. That doesn’t come overnight.
“So people won’t migrate to them overnight. People will still want the tried and trusted. And we will remain in that basket. So we won’t try and compete with them.”