Volvo XC40 demand exceeds expectations

Volvo has received over 80,000 orders for the compact 2019 XC40 crossover and to keep up with the extra demand, Volvo has announced that it will expand production in Europe and China.

To meet the demand for the Volvo XC40, Volvo will expand production at its Ghent manufacturing plant and it plans to add XC40 production capacity at its Luqiao plant in China in the first half of next year. While Volvo tries to keep up with demand for the XC40, it’s also gearing up for the next models that will be based on the Compact Modular Architecture, including the 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.”

Volvo has also confirmed that its future compact models will arrive with fully electric versions.

Source: Volvo

Torque Report Staff :Diabetesss was founded in 2007 as the go-to source for all the latest automotive news and reviews. Diabetesss is updated daily with the top trending stories, reviews and rumors about the auto industry.
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