Volvo Cars will reveal two new models after the summer before setting out what it calls the most ambitious product plan in its history.
The strategy will be presented on Sept 17, when Volvo is due to explain how it will adapt products and manufacturing more closely to individual regions.
Volvo has not identified the two incoming models or said whether they will be fully electric or plug-in hybrids.
It only said they would strengthen its electrified range, leaving the powertrains and intended markets unconfirmed.
The announcement comes as Volvo begins delivering the EX60, an electric mid-sized SUV positioned alongside its best-selling XC60 plug-in hybrid. Production started in Sweden in April, with output and customer deliveries due to increase during the second half of 2026.
The five-seat EX60 is Volvo’s first entry in what it describes as the world’s largest electric-car segment. In P12 all-wheel-drive form, it offers a claimed range of up to 810km. The P10 AWD is rated at up to 660km, while the rear-wheel-drive P6 reaches 611km.
The P10 and P6 can charge from 10% to 80% in a claimed 16 minutes under suitable conditions. Connected to a 400kW charger, the EX60 can add as much as 340km of range in 10 minutes.
It is also the first fully electric Volvo designed, developed and built in Sweden. The SUV uses the new SPA3 architecture, along with cell-to-body battery construction and mega-cast structural components.
Volvo is making the announcement while its earnings remain under pressure. It sold 171,501 cars worldwide in the second quarter, down 5.6% year on year. Greater China deliveries fell 35% to 24,882 units, although sales rose 4% in the Americas and 2% across Europe and other markets.
Fully electric deliveries increased 14% globally during the quarter. In Europe, including Türkiye, they rose 23%, helped by the EX30. Volvo also said EX90 orders had reached their highest level so far.
Cost reductions are moving faster than planned. Volvo said it achieved SEK5 billion (RM2.12 billion) in full-year savings six months early, while quarterly operating profit stood at SEK800 million (RM338 million), producing a 1.1% margin.
Volvo expects stronger sales in the second half, supported by Europe, a recovering US market and higher EX60 production. China remains the weak point.
September’s presentation is expected to explain how Volvo will divide future investment, production and model development between its main markets.
For now, the company has disclosed neither the size of the programme nor the identities of the first two cars.
