Home / Business and Economy / Volvo Cars' New EV Exceeds Demand Expectations
Volvo Cars' New EV Exceeds Demand Expectations
22 Apr
Summary
- Volvo anticipates building up to 40,000 new electric models this year.
- Production of the new EX60 SUV has begun at the Torslanda factory.
- Demand for the EX60 SUV has surpassed initial sales forecasts.
Volvo Cars has initiated production of its new flagship electric model, the EX60 SUV, at its Torslanda factory in western Sweden. The company anticipates manufacturing up to 40,000 units of this new electric vehicle within the current year. Initial demand for the EX60 has reportedly surpassed the manufacturer's planned order intake, indicating strong customer interest.
To meet this burgeoning demand, Volvo Cars is exploring the possibility of extending production by an additional week during the summer period. CEO Hakan Samuelsson highlighted that the challenge has shifted from selling to delivering the vehicles. The EX60 represents a significant step as it is the first model to utilize Volvo Cars' new production platform, necessitating extensive upgrades at the Torslanda facility.
