Volvo is working on an electric crossover to be installed below the compact duo C40 and XC40 Recharge.
The newcomer was teased last November at the unveiling of the EX90 2024 mid-size electric SUV and tentatively dubbed the EX30 by Volvo CEO Jim Rowan last month.
Rowan has since revealed that the debut will take place around June 15th. He made the final comment during an interview with Wheels published Monday.
“Next, we’re launching a smaller SUV,” he said. “We teased that for you guys back in November, so on June 15th I think we’re going to release a smaller SUV, so sometime around mid-June this year we’re going to release that.”
Production will take place in China and sales will begin before the end of 2023. However, Volvo has not said whether the EX30 will be sold in the US.
The vehicle is intended to appeal to younger buyers and could become a bestseller for the brand. Volvo sold 615,121 vehicles in 2022 but aims to increase that number to around 1.2 million vehicles by 2025 – half of which will be electric vehicles.
Given the size and positioning, the EX30 will likely be the most affordable vehicle in the Volvo range. This should help Volvo in its goal of attracting younger buyers, as will Volvo’s plans to offer the EX30 through the Care by Volvo subscription plan. Rowan said in his interview with Wheels that subscriptions with a minimum term of just three months will be available, at least in Europe.
2024 Volvo EX90
Volvo briefly showed a shadowy image of the EX30 during the EX90 unveiling. The teaser hints at a vehicle with a similar design to the EX90 but on a smaller scale.
The EX30 will be based on Geely’s SEA modular EV platform. The platform debuted in 2021 in other Geely brand Zeekr’s hot hatch 001 and features an 800-volt electric system for high-speed charging.