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Volvo wants half of sales from electrics in 2025

Swedish maker's chief vows to 'move faster' than rivals in electric push

Volvo Cars CEO Hakan Samuelsson, left, and Li Shufu, chairman of Chinese automaker Zhejiang Geely Holding Group, attend Auto China 2018 in Beijing on April 25. (Photo by Akihide Anzai)

BEIJING -- Volvo Cars aims to boost sales of electric vehicles so that they account for 50% of total units by 2025, the Swedish premium automaker said Wednesday at the Auto China 2018 show.

CEO Hakan Samuelsson talked more about the plan in an interview with the Nikkei Asian Review later that day.

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