Volvo is preparing a new mid-size electric SUV for 2027, promising rapid charging, impressive driving range and more interior space as it targets one of Australia’s most competitive vehicle segments.

The upcoming EX50, a new mid-size SUV expected to arrive in 2027 with cutting-edge technology and a strong focus on practicality, will slot between the existing EX40 and larger EX60, taking aim at popular rivals including the Tesla Model Y and Mercedes-Benz EQA.

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Volvo has already confirmed the vehicle’s existence to investors, describing it as a “global BEV” targeting a “large, lower-priced market segment” in Europe. The company hopes the EX50 will “further strengthen BEV leadership and improve margins” as it continues expanding its electric line-up.

The EX50 (pictured above in renders made by WhichCar by Wheels) was originally conceived as a replacement for the EX40 (pictured in the gallery below), but Volvo’s decision to slow its transition to an exclusively electric range means both models are expected to remain available.

Its styling is expected to introduce a fresh interpretation of Volvo’s minimalist design philosophy, with clean bodywork, sharp detailing and updated versions of the brand’s distinctive ‘Thor’s Hammer’ headlights.

Measuring an anticipated 4.6 to 4.7 metres long, the newcomer should offer considerably more interior and luggage space than the 4.4-metre EX40, which has a 410-litre boot. Unlike the sleeker EX60, the EX50 could adopt a more upright, family-friendly silhouette, conventional door handles and rugged black exterior cladding.

Underneath, the new SUV is expected to share Volvo’s advanced SPA3 platform with the EX60, incorporating an 800-volt electrical architecture and innovative manufacturing techniques. These include mega-casting and cell-to-body battery construction, which should improve packaging efficiency, reduce weight and maximise passenger space.

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Battery options could mirror those offered in the EX60, including 83kWh and 95kWh packs. In the larger SUV, these deliver claimed driving ranges of approximately 620km and 660km respectively, although the EX50’s figures remain unconfirmed. Single-motor and dual-motor configurations are also anticipated, while DC charging speeds could reach 400kW.

Inside, the EX50 is tipped to feature a horizontally mounted central touchscreen running Volvo’s latest Google-based infotainment system, complete with an AI-powered voice assistant. The software-defined architecture should also enable substantial over-the-air updates, allowing Volvo to introduce additional features throughout the vehicle’s life.

Production is expected to take place at Volvo’s new factory near Košice in Slovakia, which has an annual capacity of 250,000 vehicles and will also manufacture the related Polestar 7 from 2028.

The EX50 forms part of Volvo’s ambitious product offensive, with 13 new vehicles planned before the end of 2030.Australian availability has yet to be confirmed, but the EX50’s global positioning makes it a strong candidate for local showrooms. 

Although Australian pricing hasn’t been announced, overseas reports suggest the EX50 could cost the equivalent of approximately $95,000, based on an anticipated UK starting price just below £50,000. Actual local pricing could differ substantially.