Volvo CEO Hakan Samuelsson announced that they will introduce their second electric car in March next year. The new model will share the same platform with the XC40 Recharge and Polestar 2.

Like other automakers, Volvo is preparing to expand its electric model range. Even as the XC40 Recharge has just hit the scene, Volvo has announced it is working on its second electric car.

Although the Swedish brand does not reveal much about its new fully electric vehicle, the vehicle will share the same CMA (Compact Modular Architecture) platform with the XC40 Recharge and Polestar 2, according to the Automotive News Europe website.

It will look more modern than the XC40
There was some speculation that the new model would be an entry-level electric car, but company CEO Hakan Samuelsson denied these rumors. “For Volvo to be profitable, we need to focus on higher prices, more on the premium car segment,” said the experienced manager.

Samuelsson said on a question that the vehicle would look “more modern” than the XC40. This is what we currently know about Volvo’s fully electric second car. We’ll have to wait until March 2021 before we can get all the details.

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