Volvo's first compact SUV has proved to be quite successful worldwide.
Volvo Cars claims to have received almost 80,000 orders for the new XC40 SUV and is therefore expanding its production in Europe and China to meet demand.
Production will be expanded at the Ghent manufacturing plant, and Volvo will add XC40 production capacity at its Luqiao plant in China in the first half of next year. In addition, the company has also announced today that it will capitalise on the popularity of its new smaller models by introducing new models on its CMA platform, replacing the current V40.
'The XC40’s success has surpassed even our highest expectations,' said Håkan Samuelsson, president and CEO of Volvo Cars. 'The small SUV segment is the fastest-growing segment in the industry now, and with these additional CMA-based models, we expect to benefit further from that growth.'
The coming new models based on CMA will include fully electric vehicles and will be sold globally in all major regions. The XC40 is the first model on Volvo’s new CMA architecture, which is co-developed with its parent company, Geely.
In March this year, Volvo Cars announced that it will produce cars for its new sister brand Lynk & Co at the Ghent plant. Like the XC40, the first Lynk & Co model is based on the CMA platform as well.