The Ghent plant is one of the most profitable facilities of the Swedish car manufacturer Volvo, where EX40/XC40 models are produced. It is a subcompact luxury crossover SUV that arrived on the market in 2017, and a few days ago, the company announced that one million XC40s left this plant.

Aside from conventional petrol and diesel engines, a plug-in hybrid model was introduced in 2019, and a battery electric vehicle model was released a year later. Both the plug-in hybrid and the battery electric versions were marketed as the XC40 Recharge. In 2024, Volvo renamed the battery electric XC40 to the Volvo EX40, aligning it with newer battery electric models such as the EX30 and the EX90.

In 2023, the XC40 was Volvo’s second best-selling model, after the XC60, while increased demand for the smaller model, the EX30, in early 2024 pushed the XC40 into third place.

In April, Volvo announced that it was moving the production of the EX30 model to its factory in Ghent, with which this plant will reach its maximum production capacity. Last year, about 230,000 units left the factory in Ghent, of which 60 percent were electric cars.

Source: Volvo