Automotive

Volvo says EX60 has over 50,000 European orders but output lags

Electrek reports Volvo has built only about 5,000 EX60s despite over 50,000 European orders, alongside job cuts.

Updated Oct 23, 2026 · 16:24 UTC1 reports

The short version

Volvo says the EX60 has over 50,000 European orders and expects it to become one of its best-sellers.[Electrek]
Volvo attributes limited output of about 5,000 units to new industrial technology, including battery design and SPA3 platform changes.[Electrek]
Volvo posted a third-quarter loss of SEK -3.7 billion and is cutting about 2,500 jobs globally.[Electrek]
The main unknown is when production can rise enough to meet European demand, and the reporting gives no timeline.[Electrek]

Volvo expects the EX60 to become one of its best-selling vehicles, with over 50,000 orders in Europe.[Electrek]
Volvo said it has built only around 5,000 EX60 units so far because of new industrial technology.[Electrek]
Volvo posted a third-quarter loss of SEK -3.7 billion ($373 million), with an operating margin of -5.6%.[Electrek]
Volvo is cutting about 2,500 jobs globally as part of its restructuring, with 2,000 based in Sweden.[Electrek]

The 50,000-order figure is Volvo's own claim and has not been independently verified in the available reporting.[Electrek]
Whether production can scale to match European orders is unknown, as the reporting gives no timeline for higher output.[Electrek]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.