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Volvo to hike XC40 small SUV production in Europe, China

Volvo to hike XC40 small SUV production in Europe, China

Mubasher: Sweden-based Volvo Car Group on Thursday revealed plans to boost the production of its new model XC40 small SUV in China and Europe in a bid to address the spiraling demand for the model after hitting about 80,000 orders.

The vehicle manufacturer will implement the expansion plans in China’s Luqiao facility in the first half of 2019, while it will raise the model production in Europe through its Ghent manufacturing plant in Belgium, according to Market Watch.

"The XC40's success has surpassed even our highest expectations," Hakan Samuelsson, Volvo’s CEO, said.

On a side note, the Swedish automaker further noted that it will replace its current V40 care with new models which will base on Compact Modular Architecture (CMA).

"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," Samuelsson concluded.