Volvo EX60, Sweden’s Tesla Model Y challenger, debuts on Jan 21, 2026

  • U.S. should be among the first global markets to receive the EX60 in H1 2026
  • Up to 400 kW (536 hp), 350 kW DC fast-charging & ~350 miles EPA range expected
  • Base configuration could be priced at around USD 60,000; iX3 & GLC Electric are main rivals
  • Will utilize megacasting technology, CTB, and in-house electric motors

Update (October 8, 2025): ‘LFP option’ subsection added.

Following the Volvo EX90, Volvo Cars is developing a smaller and higher-volume electric SUV for the global mid-size segment – the Volvo EX60. The new SUV will be the all-electric alternative to the XC60, the company’s current best-selling model. It should significantly contribute to the company’s long-term target of converting 90-100% of its global sales to EVs by 2030.

SPA 3 Platform

The Volvo EX60 will debut a new ‘SPA3’ platform, Erik Severinson, the company’s Chief Product & Strategy Officer, revealed the development at the 2024 Capital Markets Day on September 5, 2024.

Volvo EX60 in Volvo's investor presentation
The Volvo EX60, EX90, and the successor to the EX40 are going to be instrumental in Volvo’s plan of having EVs account for half the total sales. Image: Volvo Q3 2024 results presentation

He said the SPA3 “is the next-generation (platform) and a step function change from SPA2,” the platform that underpins the Volvo EX90 and will spawn the Volvo ES90 later in 2025. Thus, the upcoming electric mid-size SUV will pack big improvements in technology, he added.

The EX60 will make a fantastic entry in the premium electric C/D segment, but SPA3 can also create cars in many other segments – should the company decide to do. Larger than the EX90 and smaller than the EX30 – using the same scalable tech stack with supreme integration and the possibility of providing great margins.

Anders Bell, Chief Engineering & Technology Officer, Volvo Cars (2024 Capital Markets Day on September 5, 2024)

Jim Rowan, the former President and CEO of Volvo Cars, indicated at the 2024 Capital Markets Day that the company strategically decided not to rush with its Tesla Model Y rival though it could have been tempting in terms of sales volume. He said:

There is a reason that we waited for the EX – we just announced the EX60 today – there is a reason we waited for the EX60 to come out on the SPA3 platform. It’s a volume car. You get the benefits of having volume and price reduction, and of course, that’s a magic formula in itself. So when we get the EX60 the value release that’s when you get that SPA3 architecture, a massively reduced cost and a high-volume car in a BEV format.

Jim Rowan, former President and CEO, Volvo Cars (2024 Capital Markets Day on September 5, 2024)

Skateboard-like floor

The Volvo EX60 should have a skateboard-like flat floor, with provisions to mount flat batteries and electric motors for the front and rear. According to a report by MotorTrend published on December 16, 2022, Volvo Cars and Polestar engineers are developing a new platform called ‘GPA,’ short for ‘Global Product Architecture.’ It’s safe to assume that it is the internal branding/working title for the SPA3 platform.

SPA 3 platform
SPA3 is upgradable, scalable in size, price, and performance, and adaptable to different regions. Image: Volvo Cars

Meanwhile, the regular XC60 will live on with periodic updates, in partially electrified variants. Volvo won’t stop producing the XC60 hybrid as demand for the Recharge variant is increasing every year, and the phasing out of the combustion variant would have to be gradual.

Specifications

And then we have also announced that we will go on to the new SPA 3 platform, and the EX60 will be the first car on that brand new platform. That platform is designed to massively take out cost, and allow us to increase gross margins while at the same time, remaining very competitive in the market.

Jim Rowan, former President and CEO, Volvo Cars (Q3 earnings call on October 23, 2024)

Next-gen motors

The Volvo EX60 will feature the company’s third-generation electric motors, designed and manufactured in-house. Bell said at the 2024 Capital Markets Day that Volvo Cars aims to improve the efficiency from 91% in the second-generation motors to 93% in the third-generation units. Additionally, the company expects the latter to cost 40% less, Fredrik Hansson, the company’s Deputy CFO and Head of Performance Steering, said at the same event.

Cell-to-body (CTB) technology

The Volvo EX60 will feature battery cells integrated with its body structure instead of being stacked into battery modules inside a battery pack on the vehicle floor, Volvo Cars Chief Engineering & Technology Officer Anders Bell revealed at the 2024 Capital Markets Day. This ‘cell-to-body (CTB)’ technology saves weight, reduces cost, and reinforces the structure of the EV. Moreover, it improves interior space and thermal management, Bell said.

More efficient battery cells

The Volvo EX60 will be part of Volvo Cars’ second-gen EVs. Compared to the XC40 Recharge or C40, it will have improved lithium-ion battery technology. Bell reiterated at the 2024 Capital Markets Day that the battery cells Volvo Cars will use in the SPA3 platform-based EVs will have a higher density than the SPA2 EVs. Even lighter in count and fewer in number, they will deliver longer range, he added.

LFP option

During a media interaction at Volvo’s U.S. headquarters (via InsideEVs), Bell confirmed that the EX60 will offer a second battery option. While he didn’t share details, the comment likely refers to cheaper LFP (lithium iron phosphate) cells, which have been widely adopted by automakers such as Tesla in global markets.

Up to 400 kW system power

Henrik Green, former Head of Global Advanced Technology & Sustainability, Volvo Cars, suggested that the Volvo EX60 could come with dual-motor powertrains that generate up to 400 kW (536 hp) of system power. Speaking to Recharge (mestmotor.se) in December 2021, Green said that the next-gen Volvo EVs coming from 2022 “will receive 400 kW (536 hp).”

350 kW charging power & ~350 miles range

At the 2024 Capital Markets Day, Jim Rowan said Volvo Cars’ new technologies will allow customers to add 200 km (124 miles) of range to its EVs in probably six minutes.

The EX60 is likely to use the same 800V architecture that will be offered in the ES90 sedan. Lower weight and reduced installation space for the cabling, higher performance, and faster charging are some of the main advantages of doubling the voltage.

Volvo second-gen EV batttery pack
Volvo Cars plans to significantly increase the energy density of future batteries. Image Source: Volvo Cars

The reduced internal resistance of the battery cells, improved thermal management, and an adapted design of the entire high-voltage system will allow the company to increase the charging power to this level, Lutz Stiegler, former Solution Manager of Electric Propulsion at Volvo Cars, said at the Volvo Cars Tech Moment in June 2021. This would considerably reduce wait times at the charging station. Likewise, we’re expecting a range of 300-350 miles (EPA-est.) in the EX60.

NACS charging port

In the U.S. and Canada, Volvo Cars will likely equip the EX60 with the NACS charging port, enabling customers to access more than 20,000 Tesla Superchargers across the two countries. Currently, these chargers provide an output of up to 250 kW. The EX60 should feature Plug & Charge as well, providing customers a more seamless experience.

V2L

Volvo Cars will offer bidirectional charging, as it does in the EX90, allowing customers to use their car’s battery pack as storage for energy. The V2L system comes in handy when running appliances, tools, and gadgets during camping or at the job site. Moreover, customers in markets with time-variable energy prices would be able to reduce their energy bills with bi-directional charging.

Exterior

Volvo EX60 white rendering
TopElectricSUV’s rendition of the electric XC60 counterpart (pictured) draws influences from the Concept Recharge and EX90 models.

The Volvo EX60 should feature a fresh type of design inspired by the much bigger Volvo Recharge Concept, as well as the EX30 and EX90.

The rear, as seen in the brief teaser from the ES90 reveal, features black embellishment around the rear windshield, a silver applique across the bumper, and reflector lamps on the corners. Unlike existing Volvo models, the brake light has a vertical orientation, cutting into the muscular fenders. Additionally, slim LED lighting elements flank each side of the windshield, which should offer a welcome and farewell light sequence, similar to the electric sedan.

Interior

The Volvo EX60 will pack a completely new infotainment platform based on Android. At the Volvo Cars Tech Moment event, Sanela Ibrovic, Head of Connected Experience, Volvo Cars, shared the following highlights of the new infotainment platform:

  • A large center touchscreen
  • High-resolution driver information system
  • Optional head-up display
  • Simple user interface
  • Easy-to-see information
  • Responsive interaction

Every next-gen Volvo EV will run on the company’s own operating system called Volvo Cars.OS, an umbrella of various operating systems, across the car and the cloud. The Android Automotive OS powering the infotainment system will be a part of Volvo Cars.OS. Customers will be able to use connected car functions available in every Volvo model using the same mobile app. It will be possible to connect the EV to other ecosystems, like connected home devices, for instance.

Customers will be able to control their car easily using their voice from the convenience of their homes by issuing commands. From inside their homes, customers will be able to control charging, in-car climate, and much more. But we also want our customers to be able to control home functions from the car, such as turning on the front door light and opening the garage door.

Sanela Ibrovic, former Head of Connected Experience, Volvo Cars (Volvo Cars Tech Moment)

Most configurations of the next-gen Volvo EVs will likely be hardware-ready for many high-end features. Customers would be able to enable and use features they didn’t pay for at the time of purchase or lease later by paying later.

We can deploy software over the air to the entire car. Meaning, we can activate and push brand-new functions, for example is, within autonomous driving. We can also improve and enhance existing functions in our cars, and it also allows us to activate paid-for features connected to the mobile app.

Anne-Mette Nygaard, former head of Digital Consumer Products, Volvo Cars

Safety

If not the safest, the Volvo EX60 should be one of the best models in its segment for safety features.

Volvo EX90 occupant sensing interior radar system teaser
An occupant sensing system would ensure drivers don’t leave behind a child or a pet, saving them from fatal heatstroke or hypothermia. Image Source: Volvo Cars

LIDAR (Pilot Assist)

In addition to multiple ultrasonic sensors, cameras, and radars, we expect the EX60 with a LIDAR sensor fitted on the roof. Developed by Luminar, the LIDAR sensor allows the vehicle to see what lies 250 meters ahead, even in complete darkness. That’d only be that outside intelligence, though.

In-cabin cameras

Volvo Cars has left no stone unturned when it comes to safety and has developed new intelligence features for the interior of future models. It will likely offer its new driver understanding system that, using two in-cabin cameras, ensures the driver isn’t drowsy, distracted, intoxicated, or ill. Another safety highlight in the cabin of the EX60 could be the occupant sensing system that uses an interior radar system to ensure a child or pet doesn’t get left behind.

Multi-adaptive safety belt

Volvo has confirmed that the EX60 will debut the world’s first multi-adaptive safety belt. It uses data from exterior and interior sensors to adjust belt tension based on crash severity and individual body profiles. With 11 load-limiting profiles, it optimizes protection for different occupants and scenarios. The system also improves via over-the-air updates.

Release Date

Volvo EX60 front teaser
Volvo Cars has confirmed the debut of the EX60 on January 21, 2026. It will enter production in the first half of next year. Image: Facebook/Volvo Cars

In a post on its official Facebook page on September 3, 2025, Volvo Cars confirmed that the EX60 will debut on January 21, 2026. While that may be the debut or the global launch, we expect the U.S. entry during the second half of 2026. The updated Tesla Model Y, the next-gen Mercedes GLC Electric, the facelifted Audi Q4 e-tron, the next-gen BMW iX3, and the Lexus RZ will rival the Volvo EX60.

Hakan Samuelsson, CEO and President of Volvo Cars, in his opening remarks during the Q2 2025 earnings call on July 17, 2025, said that the EX60 “will be our best seller,” indicating the importance of this launch.

Manufacturing

Volvo Cars will manufacture the EX60 at its factory in Gothenburg, Sweden, beginning in the first half of 2026. The company will use mega casting technology, with large aluminum casted parts replacing in some cases more than 100 smaller parts.

“Landed cost for a mega cast structure is up to 35% below a steel-aluminum structure,” Volvo Cars Chief Supply Chain Officer Francesca Gamboni said at the 2024 Capital Markets Day.

Volvo Megacasting
All SPA3 cars will use megacasting manufacturing technology. Image: Volvo Cars

Mikael Fermér, Volvo’s vehicle platform architect, had highlighted to Autocar UK that mega casting allows for more precise vehicle sculpting, potentially lowering the seating by up to 15 mm, which improves aerodynamics and range.

This method not only offers design flexibility across different body styles but also promotes environmental sustainability through 100% material utilization, recycling cut-out parts back into the production cycle, similar to Tesla’s Model Y approach.

As per Auto Express, Volvo Cars claims that the new rear floor for their vehicles, produced using mega casting, weighs 15-20 percent less than a traditional stamped equivalent. Despite the reduced weight, it offers safety and durability that are just as good, if not better, than traditional methods.

TopElectricSUV says

The Volvo EX60 will be a pure-electric mid-size SUV similar to the Tesla Model Y. It should feature an exterior with a mix of modern but conventional proportions with futuristic design elements, a spacious and minimalist cabin, class-leading safety and ADAS features, and a highly capable powertrain. Considering the technology to be included, the EX60 is poised to be the most advanced EV coming out of Gothenburg.

Also See: BMW iX3 vs Mercedes GLC Electric: How the next-gen EVs compare

Volvo EX60 FAQs

What is the Volvo EX60’s release date?

The Volvo EX60 will debut in Jan 2026, positioned above the EX40.

Which models would you consider the EX60’s rivals?

Do you have an idea of the Volvo EX60’s price?

The EX60 range is expected to come at between USD 60,000-70,000.

Featured Image: TopElectricSUV’s rendition of the Volvo EX60