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Volvo says the EX60 will be a best-seller with over 50,000 orders in Europe already

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Volvo says the EX60 will be a best-seller with over 50,000 orders in Europe already

Volvo expects the EX60 to become one of its best-selling vehicles ever, with over 50,000 orders already in Europe. But as demand builds, Volvo is struggling to ramp up production.

After reporting third-quarter earnings on Friday, Volvo said the EX60 has been “a big success” so far, receiving over 50,000 orders in Europe since production began in April.

However, the company has built only around 5,000 units so far because of “new industrial technology,” Volvo said, such as the EX60’s cell-to-body structural battery design and manufacturing changes required for its new SPA3 platform.

The Swedish automaker admitted that the production ramp-up is “taking longer than planned,” but promised volumes are steadily improving.

Volvo Car’s president and CEO Håkan Samuelsson said the EX60 will be a cornerstone of Volvo’s comeback plan as one of its most profitable models, but warned that the financial impacts will not be realized until volume picks up.

After delivering the first models in Europe this summer, Volvo planned to ramp up production as the EX60 arrived in new markets, including the US.

Volvo initially expected to sell about 7,000 EX60s in the US by the end of 2026, but a dealer told Automotive News last week that the company is on pace to deliver just a fraction of that.

In a note sent to dealers in late September, Volvo said it had delayed customer deliveries in the US. A company spokesperson confirmed that EX60 availability will “remain limited” in the short term. In early 2027, Volvo expects to distribute significantly more inventory to dealers.


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