The brief

Analyst view

• Sweden's leading automaker, known for safety and now focused on electrification.
• In 2026, EX60 production began at Torslanda using megacasting for the rear underbody.
• EX60 is Volvo's first fully electric car designed and built entirely in Sweden.

Technical approach

As reported

Megacasting

Large aluminum castings replace hundreds of parts

One rear axle casting replaces 170 welded parts, reducing weight and assembly complexity.

Electrification

Battery-electric vehicles

The EX60 is a battery-powered SUV with no internal combustion engine, aimed at zero-emissions operation.

Manufacturing investment

Torslanda modernization

Volvo invested approximately EUR 870 million to rebuild its Torslanda factory with modern assembly lines, tooling for megacasting, and capacity for EVs.