Volvo is launching a ‘lower-priced’ EV in 2027 based on its SPA3 platform
Volvo is expanding its electric vehicle lineup by developing a lower-priced model that will use the same SPA3 platform as its EX60. This second SPA3-based vehicle is positioned as a smaller, more accessible EV option to broaden the company's market reach in the electric vehicle segment.
Key points
- New affordable EV launching in 2027 on SPA3 platform
- Smaller vehicle positioned as entry-level alternative to EX60
- Part of Volvo's EV lineup expansion strategy
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