Volvo's new electric SUV in development

Volvo is working on a new electric SUV that will sit between the EX40 and EX60 in its lineup. The company has not yet confirmed details about the vehicle, but it has registered the name EX50.

Current electric SUV range

Volvo currently offers four electric SUVs, ranging from the small EX30 to the large EX90. The company plans to expand this range further in the coming years, with a focus on filling gaps in its current lineup.

Strategic goals for the new model

The EX50 is expected to target a key and more affordable segment of the European market. Volvo aims to use this vehicle to strengthen its position in the electric vehicle market and improve its profitability.

Future sedan models

In addition to expanding its SUV range, Volvo is also planning to introduce a new sedan model called the ES60. This model may also include a station wagon version, the EV60.

Positioning of the EX50

The EX50 will be crucial in Volvo’s lineup, potentially serving as a more accessible alternative to the EX60. However, the EX40 is not expected to be discontinued soon, and its future will depend on how well the EX50 performs in the market.

Technical specifications

The EX50 will likely use the same SPA3 platform as the EX60. This means it will share similar features, including an 800V charging system and four-wheel drive options. The EX60 is expected to have a longer range, while the EX50 could reach up to 800 kilometers.

Production location

The EX50 could be produced in Europe, specifically at Volvo’s new factory in Slovakia. This facility will also be used for the production of the future Polestar 7, expected to launch in 2028.