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Large and affordable: Volvo announces new volume model for Europe

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Large and affordable: Volvo announces new volume model for Europe

For 2027, Volvo has announced a new, affordable high-volume electric model for Europe and two new models for China. However, despite a product offensive and full order books for the new EX60, noticeable losses in Q3 of 2026 have led to a strict cost-cutting drive - including job cuts.

Volvo plans to unveil a new global battery-electric volume model in 2027, tailored to the needs of the European market. It is set to be large and affordable, with deliveries expected to begin after the summer of 2027. This model marks the start of the company’s largest product offensive to date, featuring a total of 13 new vehicles by the end of 2030. In 2027 alone, three unveilings are planned – including the new model for Europe and two specific models for China.

Media reports already refer to the model for Europe as the EX50, which could eventually replace the recently facelifted EX40. The EX40 is still based on the older CMA platform with a 400-volt architecture. The future production site for SPA3 volume models is expected to be the new electric car plant near Košice, Slovakia, which has an annual capacity of up to 250,000 units.

Technically, the new model is likely to be based on the newly developed SPA3 platform, which debuted in early 2026 with the EX60 and features an 800-volt system. This enables extremely short charging times and long ranges.

The SPA3 platform is also based on the Cell-to-Body principle, where the battery is integrated into the vehicle’s load-bearing structure.


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