# Volvo prepares a more affordable electric SUV to replace the XC40

> On November 3, 2026, reports indicate that Volvo is preparing an electric successor to the XC40 based on SPA3. This more affordable SUV is expected to replace the XC40/EX40 and compete with the Skoda Elroq. On November 4, 2026, Volvo plans for 2027 a cheaper electric model with more than 600 km of range.

**In brief**: Ongoing story bringing together 2 events involving Volvo Cars and Skoda, in 2 countries (Suède, Pays-Bas), followed from 3 November 2026 to 5 November 2026. 8 articles from 7 sources (electric and batteries, launches and reviews); last updated on 5 November 2026 at 23:25. Figures reported: 1 vehicle, 2500 jobs.

- Status: ongoing
- Scope: National (Australia)
- Category: Electric and batteries, Launches and reviews
- Countries: Suède, Pays-Bas
- Brands: Volvo Cars, Skoda
- First detected: 3 November 2026 at 14:30
- Updated: 5 November 2026 at 23:25
- Web page: https://mecapress.com/stories/226-volvo-prepares-a-more-affordable-electric-suv-to-replace-the-xc40

## Reported figures

- £57,000
- £70,000
- SEK 3,7 billion
- SEK 5 billion

## Sources by country and language

- Australia: 1 articles, 1 outlets
- Switzerland: 1 articles, 1 outlets
- Germany: 1 articles, 1 outlets
- United Kingdom: 1 articles, 1 outlets
- Italy: 1 articles, 1 outlets
- Japan: 1 articles, 1 outlets
- Netherlands: 1 articles, 1 outlets
- South Africa: 1 articles, 1 outlets

**Languages**: English (3), German (2), Italian (1), Japanese (1), Dutch (1)

## Timeline (2 events)

### 3 November 2026 — [Volvo prepares electric successor to XC40 based on SPA3 platform](https://mecapress.com/events/3310-volvo-prepares-electric-successor-to-xc40-based-on-spa3-platform.md)

Volvo is developing a more affordable electric SUV on its new SPA3 platform, intended to replace the XC40/EX40 and compete with the Skoda Elroq.

6 sources, 6 articles · Suède, Pays-Bas

### 4 November 2026 — [Volvo prévoit pour 2027 une électrique moins chère avec plus de 600 km d'autonomie](https://mecapress.com/events/3833-volvo-prevoit-pour-2027-une-electrique-moins-chere-avec-plus-de-600-km-d.md)

Volvo prévoit de lancer en 2027 un modèle électrique plus abordable offrant plus de 600 km d'autonomie.

2 sources, 2 articles · Suède

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Cite as: Mecapress, “Volvo prepares a more affordable electric SUV to replace the XC40”, https://mecapress.com/stories/226-volvo-prepares-a-more-affordable-electric-suv-to-replace-the-xc40
Methodology: https://mecapress.com/methodology