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Volvo EX60 output lags: over 50,000 orders, only 5,000 built
Volvo has received more than 50,000 EX60 orders but has built only 5,000 vehicles. The company attributes the slow production ramp-up mainly to battery integration, delaying the electric SUV’s contribution to financial results. Volvo reported a net loss of 5.7 billion Swedish kronor for the third quarter of 2026 and plans to cut 2,500 jobs, while gradually increasing EX60 output.
What to know
- 01
Volvo has invested nearly £750 million in the Torslanda plant to produce electric vehicles based on the SPA3 platform.
- 02
Volvo says the production delay is unrelated to the software faults that previously delayed the EX90’s launch.
Why it matters
The EX60 is central to Volvo’s turnaround plan, but its ability to improve profitability remains limited until the factory reaches full production capacity.
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