Volvo EX60 tops 50,000 European orders but only 5,000 built

Volvo says its electric EX60 has drawn over 50,000 orders in Europe since production began in April, yet only about 5,000 units have been built. The company blames new industrial technology, including the cell-to-body structural battery and SPA3 platform, and admits the ramp-up is taking longer than planned.

• Over 50,000 EX60 orders in Europe since April
• Only about 5,000 units built so far
• Volvo delayed US customer deliveries of the EX60
• Volvo posted a Q3 loss of SEK 3.7 billion, EBIT margin -5.6%