"Volvo boss says the upcoming EX60 will cost about the same as the XC60 plug-in hybrid. Using the new 800-volt SPA3 platform with new powertrains and batteries is key to keeping costs down. It will still be expensive compared to non-premium midsize electric crossovers, but it matches luxury rivals like the upcoming BMW iX3. Volvo needs a smaller electric crossover to slot under the large and quite expensive EX90, and one is on the way."
"The EX60 will be built on the groundbreaking modular 800-volt SPA3 platform, which promises 15% faster charging, 35% more drive power and the ability to evolve over time through over-the-air updates. It will also feature Volvo's 20% more energy-dense next-generation batteries that are said to make it Volvo's longest-range electric offering, and a powertrain that is 18% cheaper than what the manufacturer puts in its current EVs, according to Automotive News."
"Having a structural battery pack and using large megacastings for the vehicle's shell will allow Volvo to cut costs by 25%, which is how it hopes to be able to sell you an EX60 for XC60 plug-in hybrid money. That car starts at $62,445, including destination fees. For context, the Volvo EX90 commands about a $4,000 price increase over a comparable XC90 PHEV. Getting EVs to price parity with their gas-powered counterparts is seen as key to driving more electric adoption."
The EX60 will be priced similarly to the XC60 plug-in hybrid, which currently starts at $62,445 including destination. The vehicle will use Volvo's 800-volt SPA3 platform that delivers about 15% faster charging, 35% more drive power and supports over-the-air evolution. Next-generation batteries will be roughly 20% more energy-dense, producing Volvo's longest-range electric offering. The new powertrain is about 18% cheaper than current Volvo EV powertrains. A structural battery pack and large megacastings are expected to reduce manufacturing costs by roughly 25%. The EX60 targets premium rivals such as the BMW iX3 while remaining pricier than non-premium midsize electric crossovers.
Read at insideevs.com
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