- Volvo is reportedly working on a new EX50 to replace the EX40.
- Crossover is set to arrive in 2027 and be based on new SPA3 platform.
- Expected to be cheaper, despite being larger and more advanced.
The Volvo EX40 starts at $56,545 and largely flies under the radar. However, the company is reportedly plotting an all-new model that could adopt the EX50 moniker.
Expected to be significantly cheaper than the outgoing EV, the new EX50 will allegedly be priced in the “high $40,000s.” This would make it far more appealing as the current EX40 is only $3,250 less than the EX60.
More: Volvo’s Entry SUV Gets A Successor, But Dealers Aren’t Sure It’s The Right Priority
According to Automotive News, the entry-level crossover will arrive in the fall of 2027 and be based on the new SPA3 platform, which debuted on the EX60. It will be made at the company’s new Slovakian plant and the brand is reportedly aiming to sell 10,000 units in the United States in its first year. That would make it one of Volvo’s best-selling vehicles in America, although the publication noted the automaker could end up prioritizing production for Europe.
Little is known about the crossover, but it’s said to be longer and taller than the EX40. That should make it more appealing to Americans and buyers can also expect an 800V electrical architecture that offers faster charging.
When asked about the model, Volvo spokesperson Thomas McIntyre Schultz declined to comment. However, he said “we’re going to continue to invest in expanding our EV lineup.”
The XC40 Could Survive With A Facelift
SH Proshots
While the crossover is expected to replace the EX40, the gas-powered XC40 could continue chugging along. Back in June, spy photographers snapped a facelifted variant undergoing testing in Spain.
The updated model features a new front fascia with a revised grille and restyled headlights. They’re joined by a revamped bumper and a revised lower intake.
Changes continue out back with a new bumper and updated taillights. The model also adopts smaller, repositioned reflectors.
The modifications will be more than skin deep as images showed a revamped interior that echoes the EX30. Most notably, there’s a new portrait-style infotainment system that protrudes above the dashboard.
