Swedish car maker Volvo has revealed it will adopt an electrification strategy for all new models from 2019. The brand was taken over by the Chinese automotive giant Geely in 2010. Volvo, which sold more than 534,000 vehicles worldwide in 2016, has stated that it plans to produce 1-million electrified cars by 2020. "This announcement marks the end of the solely combustion engine-powered car," said Håkan Samuelsson, president and CE of Volvo Cars. Speaking at a press conference in Stockholm, Sweden, on Wednesday, Samuelsson called on companies around the world to invest more in battery and charging technology. This will add to concern for SA’s crucial R96bn platinum industry, which supplies platinum for the catalytic converters in cars powered by the internal combustion engine. A switch to electric vehicles would end any requirement for the metal by the automotive industry. Instead, the platinum industry is hoping for a move to fuel-cell vehicles, which require a platinum catalyst, b...
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