Volvo Plans to Launch 5 Models in 2025, EX60 Set for Release in 2026 | Carscoops

      Among the new Volvo models set to launch in 2025 is the flagship ES90 electric sedan.

      Volvo Cars has announced five model introductions for 2025 and another five for 2026. The ES90 sedan is scheduled to make its debut this year, with the ES60 SUV set to follow in 2026.

      After achieving record sales in 2024, Volvo anticipates a “challenging” year ahead in 2025.

      The company has reported a remarkable 763,389 sales in 2024 while outlining its future product plans. The Swedish manufacturer confirmed that it will unveil five models in 2025 and five more in 2026, aiming to provide a diverse range of body styles across all categories.

      Jim Rowan, President and CEO of Volvo Cars, stated: “The depth and variety of our balanced product portfolio is among our greatest strengths. We will broaden our selection of fully electric, plug-in hybrid, and mild-hybrid vehicles, maintaining our commitment to delivering world-class products across all categories: SUVs, sedans, wagons, and across sizes: 30, 40, 60, 90. We plan to achieve this in over 80 countries worldwide.”

      For the year 2025, the CEO revealed that they would be launching “five new or refreshed models.” The first model will be the Volvo EX30 Cross Country, a robust version of the compact electric SUV, which is set to debut on February 10.

      Additionally, the fully electric Volvo ES90 sedan will also arrive this year. The CEO referred to it as “one of the flagship models” that will showcase the brand’s “technological capabilities.” The ES90 has already been teased and is expected to be presented in March 2025, joining the EX90 SUV.

      Volvo has also confirmed a new “long range PHEV” specifically for the Chinese market, though details were not provided. Moreover, the company mentioned that it would introduce “meaningful upgrades” for two of its existing models.

      It’s likely that the aging Volvo XC60 will be among those, following in the footsteps of the recently-refreshed XC90, which features a new look and updated interior.

      Regarding the highly anticipated Volvo EX60 electric vehicle, it is set to be one of the five launches planned for 2026. Jim Rowan noted that they have made “great progress” on this vehicle, calling it a “game-changer.” Last year, it was mentioned that the EX60 would utilize the new SPA3 architecture, promising “enhanced core computing capabilities” and a “far more scalable” design compared to the existing SPA2 platform.

      The report included prototype models for two other SPA3 offerings, likely scheduled for 2026. However, it remains uncertain which models will be introduced, as the new platform is theoretically suitable for a variety of shapes and sizes. There is hope that at least one of them will be a wagon.

      Record Sales but Challenges Ahead

      In 2024, Volvo Cars achieved its “highest full-year retail sales, revenues, and core operating profit in its 98-year history.” Specifically, the automaker sold 763,389 vehicles, representing a 7.7% increase over the previous record set in 2023. Additionally, Volvo’s operating profit, excluding joint ventures and associates, reached SEK 27 billion (approximately $2.5 billion) in 2024, a 6% increase compared to the prior year.

      Despite these positive figures, Volvo describes 2025 as a “turbulent” year due to “challenging market conditions.” In a message to shareholders, the CEO stated:

      “2025 will be a year of transition. The global automotive industry is contending with several uncertainties: cyclical, structural, transformational, and geopolitical. We have managed this environment better and faster than many of our competitors, but we and the rest of the industry will face significant tests this year. Simultaneously, we need to maintain focus on the future and avoid compromising it for immediate gains. In other words, we must be prudent, diligent, and disciplined throughout a turbulent 2025, while laying the groundwork for our long-term goals.”