Volvo EX60 production ramp-up delayed as model receives 50,000 orders

October 26, 2026

Fleets may have to wait longer than anticipated if operators have ordered the Volvo EX60 SUV. The Swedish manufacturer warns that production of its new electric SUV is 'taking longer than planned' to ramp up, despite receiving more than 50,000 orders across Europe. So far, it has produced 5,000 units since production began in April 2026.

Volvo said the delay was due to the introduction of new industrial technologies, including cell-to-body battery integration, although it added that production volumes were steadily improving.

The EX60 is expected to become one of Volvo’s most profitable models as the Swedish manufacturer looks to strengthen its position in Europe’s premium electric vehicle market. It's poised to rival the likes of the BMW iX3 and Mercedes-Benz GLC Electric.

The update came as Volvo Cars reported a challenging third quarter, with revenue falling to approximately £5-billion from £6.5bn a year earlier. Operating income, excluding joint ventures, associates and items affecting comparability, fell to a loss of around £279-million.

The manufacturer attributed the results to deteriorating market conditions in China and the US, alongside pricing pressures, US tariffs and the removal of consumer incentives for electrified vehicles.

In response, Volvo Cars plans to cut a further £377m in indirect spending and variable costs, with measures expected to result in approximately 2,500 fewer jobs globally, including 2,000 in Sweden alone.

Despite the challenges, fully electric vehicles accounted for 32% of Volvo Cars’ sales in Q3 2026, up from 22% a year earlier.

The company is also planning a major product expansion, with 13 new models scheduled between now and the end of 2030. Three vehicles are due to be revealed in 2027, as Volvo focuses on regional products, cost reductions and improved cash flow.

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