Volvo ramps up EX60 production to meet demand

Core Insights - Higher-than-expected customer demand for the new EX60 midsize electric SUV has led Volvo Cars to increase production capacity at its Swedish plant [1] - The EX60 has received over 3,000 orders in Sweden within a month of its launch, significantly outpacing the entry-level EX30 compact electric SUV [2] - Volvo is prioritizing a steady ramp-up of EX60 production and is in discussions with employee unions to extend the Torslanda facility's operation during summer to meet demand [3][4] Production and Sales - The EX60 is set to compete with Volvo's best-selling plug-in hybrid XC60, which will begin production in South Carolina in 2026 [3] - Global sales for Volvo Cars decreased by 10% to 156,965 cars shipped in the three-month period compared to the same period the previous year [6] - Electric vehicle sales increased by 18%, while hybrid and internal combustion engine vehicle sales fell by 17% and 16%, respectively [6] Market Challenges - The company acknowledged that U.S. tariffs and regulatory changes negatively impacted sales from December 2025 to February 2026 [5][7] - The prolonged new year holiday period in China also contributed to the challenging market conditions [7]