Volvo expects EX60 to be a best-seller as it plans lower-priced EV for 2027

· Automotive & EV · Sweden

Volvo says the EX60 is on track to become one of its best-selling vehicles ever, with more than 50,000 orders already booked in Europe, though the company is struggling to ramp up production as demand builds. The EX60 is the first model on Volvo's new SPA3 platform. A second SPA3-based vehicle will follow in 2027, positioned as a smaller, more affordable EV. The combination of strong pre-orders and production constraints puts pressure on Volvo's manufacturing, while the planned cheaper model would extend the SPA3 line-up into a lower price segment.

Why it matters：Volvo's order backlog shows demand for its new platform is real, but the production bottleneck will determine whether it can convert orders into deliveries before rivals fill the affordable EV gap.

Key points

  • Volvo has over 50,000 EX60 orders in Europe.
  • The EX60 is the first model on the SPA3 platform.
  • A second, smaller and cheaper SPA3 EV is due in 2027.

Sources (original reporting)

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