Volvo is developing the EX50, a fully electric SUV designed to bridge the gap between the EX40 and EX60. Built on the SPA3 platform, it promises advanced technology, competitive pricing, and European production.
Volvo is set to expand its electric lineup with the introduction of the EX50, a new SUV positioned between the current EX40 and the recently launched EX60. According to reports from Automotive News, the EX50 will be built on Volvo’s latest SPA3 modular platform, aiming to deliver a larger footprint and more advanced features at a price point below the EX60.
The EX50 is expected to inherit much of the technology introduced with the EX60, including an 800V electrical system and the latest battery options—specifically, 80 kWh and 91 kWh units. These batteries could enable the EX50 to achieve a range between 620 and 660 kilometers on a single charge, with fast charging capabilities up to 320 kW as standard. While the EX60 offers powertrains up to 680 hp, the EX50 will likely focus on more accessible power levels to keep costs down and broaden its appeal.
Design-wise, the EX50 is rumored to closely follow the EX60’s aesthetic, featuring Volvo’s signature ‘Hammer Head’ headlights, a closed grille, and a streamlined rear with vertical taillights. Inside, the SUV will continue Volvo’s minimalist approach, with a two-spoke steering wheel, a compact digital instrument cluster, and a large central touchscreen for multimedia and vehicle controls.
With a projected length between 4.5 and 4.6 meters, the EX50 will target the compact SUV segment (C-SUV), offering space for five passengers and a generous cargo area. This positions it as a direct competitor to models like the Mercedes GLA, BMW iX1, and Audi Q4 e-tron—filling a gap in Volvo’s range where the EX40 falls short in size and the EX60 exceeds in price.
Production of the EX50 is planned for Volvo’s new plant in Kosice, Slovakia, with assembly scheduled to begin in spring 2027. This European manufacturing strategy is designed to avoid tariffs on Chinese-built electric vehicles imported into the EU, a move that mirrors trends seen with other brands—such as the local assembly of the Leapmotor B10, which recently became Spain’s top-selling electric car (see how local production is reshaping the EV market).
Despite the arrival of the EX50, Volvo’s popular XC40 will remain in the lineup. The company is already working on a significant update for the XC40, bringing its design and technology closer to the latest XC60. The XC40 will continue to offer mild-hybrid, plug-in hybrid, and fully electric versions, including the EX40 and EC40 derivatives.
Volvo’s strategy reflects a broader industry shift toward electrification and European-based production, as manufacturers seek to balance innovation, affordability, and regulatory requirements. The EX50’s launch is set to strengthen Volvo’s position in the competitive electric SUV market, offering Spanish and European buyers a new alternative in the coming years.
