Sogefi, the automotive components company of the CIR Group, has signed a contract with Volvo Cars to supply engine coolant pumps for its future generation XC40, S60, V60, XC90 and S90 hybrid models. This new business will bring € 10 million of additional annual sales at full volume.
Volvo Cars, a part of Zhejiang Geely Holding Group (ZGH), has announced that every Volvo it launches from 2019 will have an electric motor, placing electrification at the core of its future business.
Laurent Hebenstreit, Chief Executive Officer of Sogefi said, “This new contract confirms Sogefi’s positionas the supplier-of-choice for cooling technology in the fast-growing hybrid vehicle market. Sogefi will become the leading supplier for coolant pumps worldwide for the premium car maker Volvo Cars.”
Sogefi will start the production of the coolant pumps for Volvo’s vehicles at its Chinese plant of Wujiang in 2019.