Volvo’s upcoming 800-volt EX60 expected to launch at a lower price than anticipated

Volvo’s next EV is about to shake things up

Volvo plans to make the EX60 a more attainable premium electric SUV by using shared technology with Geely to reduce costs and improve efficiency. This is part of a broader effort to make electrification more accessible to mainstream buyers.

The EX60 will be the all-electric counterpart to Volvo’s top-selling XC60. CEO Håkan Samuelsson has stated that electrification is now the primary driver of the company’s future growth, as outlined in Volvo’s strategy presentations and subsequent industry coverage.

EX60 aims for smart cost efficiency

Volvo’s CFO, Fredrik Hansson, says cost reductions come from deeper hardware synergies with Geely and more efficient operations. The company has outlined these steps as part of a SEK 18 billion cost and cash optimization plan focused on long-term efficiency.

The company expects to maintain EBIT margins above 8 percent. This strategy pairs job reductions with targeted tech investments to make the SUV profitable.

Shared hardware keeps Volvo unique

Geely’s scale in China allows Volvo to share key components while keeping its design DNA intact. R&D chief Anders Bell has stated that this collaboration enhances efficiency without compromising Volvo’s identity, according to the company’s briefings and follow-up reports.

Volvo will continue its own engineering work while leveraging Geely’s resources. The goal is to stay competitive in the growing premium EV market.

Where the EX60 fits in the lineup

In the U.S., Volvo’s EVs currently start with the EX30 at $40,000 and go up to the EX90 at $81,000. The EX60 is expected to be priced in the high $60,000 range, offering buyers a mid-tier option.

This pricing positions the EX60 against rivals like the BMW iX3 and Mercedes-Benz GLC Electric. Volvo wants to remain competitive without compromising its premium feel.

A new platform for better EVs

The EX60 is built on Volvo’s SPA3 modular platform, its most advanced yet, which allows for lighter and more energy-dense batteries. This new architecture is designed to improve both efficiency and driving performance for the next generation of EVs.

Volvo claims the SPA3 motors achieve 93 percent efficiency, an increase from 91 percent in current models, according to Car and Driver. This helps the EX60 deliver better acceleration, range, and overall performance compared with earlier electric Volvo models.

Longer range and smarter charging

Volvo says the EX60’s next-generation battery packs offer 20 percent higher energy density. This allows drivers to travel farther without needing heavier or larger batteries, keeping the SUV efficient and practical.

The SPA3 platform also enables 15 percent faster charging, according to Evdances. Together, these improvements help the EX60 remain competitive in the mid-size EV market, providing drivers with more convenience and freedom on long trips.

Big savings through clever design

Volvo can reduce production costs by up to 25 percent, thanks to structural battery integration and the use of large aluminum components. The powertrain is also about 18 percent cheaper to manufacture than current setups, lowering overall production expenses.

These savings make it possible to price the EX60 close to its hybrid sibling. That’s unusual for a fully electric SUV, giving Volvo a unique advantage in the premium EV segment.

Targeting XC60 fans

The EX60 is designed for current XC60 owners who are ready to switch to fully electric vehicles. Volvo aims to make this transition feel smooth, familiar, and affordable, thereby encouraging brand loyalty.

It also targets competitors like the Tesla Model Y and Hyundai Ioniq 5, according to EVdances. By balancing pricing and features, Volvo hopes to capture buyers who want a luxury EV experience without paying extra for gimmicks.

Familiar but fresh design

The EX60 retains Volvo’s clean, minimalist Scandinavian styling, making it instantly recognizable to returning customers. This approach keeps the SUV looking modern while still feeling familiar for long-time fans.

Volvo is teasing the EX60 ahead of its 2026 debut as a 2027 model year vehicle. The company aims to make a strong first impression in a crowded EV segment with this elegant and efficient design.

Performance gains with SPA3

Volvo promises 35 percent more drive power for the EX60 thanks to the SPA3 platform, according to Car and Driver. Over-the-air updates enable continuous improvements to software and performance, maintaining the SUV’s peak efficiency.

The EX60 also benefits from lower weight and higher overall efficiency. This combination makes it Volvo’s longest-range EV yet, offering both better handling and extended driving distances for owners.

Pricing details for every trim

The EX60 is expected to start at $61,000 for the Single Motor Core and reach $69,000 for the Twin Motor Ultra, according to Car and Driver. This makes it slightly more expensive than some mass-market EV competitors, but it remains competitive in the luxury segment.

Compared to vehicles like the BMW iX3, Volvo remains a more attractive option. The EX60 is designed for buyers seeking premium features without incurring over-the-top prices.

Value without flashy extras

The EX60 will not include some high-end features, such as powered automatic doors, found on the Zeekr 7X. Instead, its value comes from efficiency, performance, and affordability, making it a practical luxury EV choice.

Volvo hopes buyers will choose the EX60 for long-term savings and daily usability. This strategy positions the SUV as a luxury vehicle that doesn’t rely on gimmicks to attract attention.

Volvo also plans to build a new hybrid in South Carolina by 2030. Could this expand Volvo’s U.S. EV presence?

Charging into the future

Volvo’s new 800-volt system enables faster and more efficient charging compared to previous models. Combined with over-the-air updates, the vehicle’s software and performance will improve continuously over time.

This technology makes daily ownership simpler and more convenient. It also helps the EX60 compete effectively with midsize EV rivals like Tesla in terms of charging speed and overall usability.

The 2026 Volvo EX90 also adds an 800-volt system for even faster charging. Could this make long trips easier for EV owners?

Curious to see how Volvo’s new EVs and hybrids are shaping the future of electric driving? Dive into the latest updates and innovations below.

Read More From This Brand:

• Volvo EVs and hybrids recalled for possible brake failure
• Japanese EV SUV Promises 807 Miles On LFP Battery
• Porsche drops in-house EV battery production as demand slows

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This slideshow was made with AI assistance and human editing.