Up to 250,000 cars per year and a range of 810 kilometers: Volvo is preparing its new electric SUV for 2027 to dominate Europe.

Despite its current sales crisis and CEO Samuel Hakansson’s harsh remarks about the future of European brands, Volvo remains committed to becoming one of the most important brands in the electric vehicle segment. It has just unveiled its new electric SUV in Spain, but it is already preparing a new best-selling model that could offer up to 810 km of range and will be manufactured in Europe, specifically at one of its largest plants: the one in Košice, Slovakia, which can produce up to 250,000 cars per year.

This clearly shows the importance Volvo attaches to its new electric SUV, which is set to be introduced in 2027, as confirmed by the brand itself to its shareholders during the third-quarter results presentation.

Volvo’s new SUV, the EX50, with a range of up to 810 km

There had already been many rumors about the brand’s next electric SUV, the Volvo EX50, but now the British publication AutoExpress reveals even more details about this SUV. It is expected to have a shorter range than Volvo’s current XC60, which boasts 810 km of range — and faces a serious “risk” — though it might use the same engines and batteries.

Initially, the British publication notes that during the presentation of its latest results, Volvo confirmed to its shareholders that the brand will introduce three new models in 2027 — “one new car for Europe and two models specific to China” — as part of its plan to launch 13 new cars by the end of 2030.

That said, its new model for Europe will be a “global” electric vehicle positioned below the EX60, targeting a “large and lower-priced market segment.”

Building on these statements, AutoExpress provides more details about Volvo’s future EX50, which was originally designed as an electric SUV replacement for the XC40, but will instead be a separate model from the latter, which will continue to be sold with internal combustion engines.

Placed below the 4.8-meter EX60 with a range of up to 810 km and above the current 4.4-meter EX40, Volvo’s new electric SUV is expected to measure around 4.6 meters in length.

Although the most important aspect is that it will be built on the brand’s latest electric platform, the 800 V SPA3, the same one used in the EX60, which allows it to incorporate the motors and, especially, the batteries from Volvo’s latest electric SUV. This would mean that, for example, with the 117 kW battery from the EX60, it should achieve a range exceeding the 810 km reported by its larger sibling, thanks to its lower weight.

Volvo’s big gamble: up to 250,000 cars per year

The British media continues to outline potential features of Volvo’s new electric SUV, all stemming from that 800 V platform, such as fast charging—the EX60 can recharge at up to 370 kW—and it even suggests a possible price: below 50,000 pounds or under 57,000 euros, in line with the price of the EX60, which starts at 64,900 euros in Spain. At this price point, this SUV should become a direct competitor to the Tesla Model Y as well as the Audi Q4 e-tron, which we have already tested.

But a very important aspect that shows just how much Volvo believes in its new SUV is that it will be manufactured—probably starting in 2028, though production could potentially start a few months earlier—at the brand’s new plant dedicated to electric vehicles located in Slovakia, which will have a capacity of up to 250,000 cars per year.

It’s true that the next Polestar 7 will also be produced at this plant, but given the low market share of Geely’s electric brand, most of the production is expected to be for the new EX50.