The Volvo EX50 is supposed to be more spacious and cheaper than the Volvo EX40. Eventually, someone realized that the EX40 could be improved.

Volvo is working on the successor to the Volvo XC40 Recharge, or Volvo EX40, which will be named the Volvo EX50. The vehicle is expected to be longer and taller than the EX40, but it should also be cheaper to produce than the current electric model, according to Automotive News. The car goes by the working name V326 and will roll off the manufacturer’s new factory in Kosice, Slovakia. Its launch is scheduled for 2027.

Volvo with an expanding lineup in Europe

The Volvo EX40 is a vehicle that is gradually becoming outdated in terms of its design. It was created as a conversion from the gasoline-powered XC40 during a time when such conversions seemed to make business sense and would yield a good product. The car offers fantastic driving pleasure and can be equipped with one of the best audio systems on the market, but it also has drawbacks stemming from its origins: a high center tunnel, a relatively small rear seat, and a set of unnecessarily empty spaces that had to be retained because gasoline engines are installed in the same chassis.

In addition, the powertrains of Geely/Volvo have never shone when it comes to fuel efficiency.

The Volvo EX60 on the production line. All other photos also show the Volvo EX60 (c) Volvo/Geely

The new Volvo EX50 is set to be built on the SPA3 platform, the same one used for the Volvo EX60. This doesn’t rule out the use of an 800 V architecture, although its adoption seems highly likely, especially since the vehicle is likely to fall in the upper end of the C-segment or the lower end of the D-SUV segment (~4.5-4.6 meters in length). What does seem certain is the use of large cast components, which made their debut in Volvo vehicles with the EX60. It’s also quite likely that batteries with capacities of 80 and 91 kWh will be used, similar to those found in the larger model of this series.

Automotive News claims that the prices of the Volvo EX50 should start at around 44,000 euros, a figure similar to that of the Volvo EX40 (in Poland: from 211,900 zł), although the goal is reportedly to create a car that is “spacier and cheaper than the EX40.” The vehicle will have a cousin in the form of the Polestar 7, and it will avoid tariffs on Chinese electric cars because it will be produced in Slovakia, entering the market a year before the aforementioned Polestar.

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