Electric equivalent of best-selling XC60 SUV will provide a ‘huge boost’ to Swedish firm’s EV ambitions
The first prototype of the new Volvo EX60 – the firm’s first model to sit on an advanced new highly scalable platform – will begin on-road testing this year ahead of is production launch in 2026.
The new model will be a key model for Volvo’s electric switch as the EV equivalent of the hugely popular XC60 family SUV, which has long been its best-seller.
The EX60 will be the first model to sit on the SPA3 platform, which is effectively a successor to the platform used for the EX90 large SUV and forthcoming ES90 saloon but scalable to allow for cars both smaller and larger than Volvo’s current line-up.
As with those models, the EX60 will be designed around an advanced software stack, giving it the ability to accept over-the-air updates and other extras.
Volvo confirmed the first EX60 test vehicle would be built and driven this year during its latest financial results presentation.
Bosses had previously described the model as a “huge boost” in Volvo’s electriciation journey, given that it would serve as the electric sister model to its best-seller.
Tech chief Anders Bell described the SPA3 platform as being “100% electric and 100% Volvo Cars”, rather than a shared Geely group platform, such as the SEA platform used for the EX30 crossover.
“Because it’s 100% electric, we’ve been able to remove all the old constraints of the combustion engine,” said Bell. “We very much took a first-principles approach to it. You will see the highest level of supremely well-integrated technology coming together in these products.”
The EX60 is likely to broadly match the dimensions of the XC60 (pictured below) and will doubtless take styling cues from the EX30 and EX90.
Bell said the SPA3 is “a big step from a mechanical perspective, but from a software electronics perspective, it’s a straight evolution”.
He added: “All the work we’re putting into the EX90 will go directly into the SPA3 cars as well. It’s basically the same software stack.
“SPA3 is designed from the beginning to be much more scalable, in size and price point and across regions, but also scalable in volume.”
“It’s designed for scale in every dimension: when it comes to size, my job is to make sure that the company has optionality. We are designing [the SPA3] to be scalable from B to F [segments], to make sure that we have flexibility and that we can launch the products that markets decide they want when they want it.”
Since all future new Volvo models will share the same basic tech stack, Bell added that it will allow for more focused and rapid development. “Because it’s all one technology stack, there’s no repeat of work,” he said. “It’s the same software stack, same basic electrical architecture. Yes, it’s scalable in size, price and capabilities, but it’s not spreading our products in different ecosystems.
“Everything we do gets married to the Volvo connected car cloud. If you look at successful tech companies, they’re all single tech stack companies where all their products are interlinked. Apple is a good example: hardware, software, telephones, laptops, they’re basically all interconnected with the same software. That’s one example of where we need to be converging as a technology company going forward.
“Our focal point is safety, sustainability and creating this fantastic customer experience, all wrapped in this Scandinavian design, on one tech stack.”
As previously revealed by Autocar, the EX60 will also be the first Volvo designed to benefit from megacasting – a technology set to be introduced with the SPA3 that allows for entire sections of a car to be created as a single part rather than multiple elements.
That, along with other changes and the more modular nature of the SPA3, will lower production costs.