The company is working toward a goal of a million electrified vehicle sales by 2025.
The Geely-owned company uses Volvo architecture.
The company and its first model are still shrouded in mystery.
The 40-series cars will offer conventional engines, a new Twin Engine hybrid powertrain, and a full-EV powertrain.
Volvo plans to launch a compact crossover in the US in about three years, and the CUV likely uses the company's new Compact Modular Architecture. The S40 sedan and V40 wagon should arrive here, too.
Volvo gets into the details about its Compact Modular Architecture that will allow the Swedish brand to add some smaller entries to its lineup.