Volvo EM90 images leaked online, revealing brand’s first electric minivan in full
The first images of Volvo’s EM90 electric minivan have emerged online ahead of its official debut next month. From the first look, this Volvo looks like nothing the brand has launched so far.
Volvo has been teasing us for several months with an all-electric multi-purpose vehicle, or minivan, if you will.
We knew Volvo was working on one since January after Qin Peiji, president of Volvo Cars China, revealed the plans during a presentation.
The Swedish automaker’s all-electric lineup has grown over the past several months. Joining the XC40 and C40 Recharge, Volvo released its flagship EX90 SUV and smaller EX30 earlier this year.
We are finally getting our first look at Volvo’s electric minivan, the EM90, due for its official debut next month.
Images of the Volvo EM90 were released by the Chinese Ministry of Industry and Information Technology (MIIT) this week. On the surface, the EM90 is unique from previous releases we’ve seen from the Swedish brand this year.
First images of the Volvo EM90 electric minivan emerge
Based on the ZEEKR 009 MPV, Volvo’s EM90 is nearly identical. The electric minivan will ride on the same SEA platform from the parent company Geely used to power the Polestar 4.
Geely owns ZEEKR, Volvo, Polestar, and more, so sharing components is not out of the norm. Volvo’s EM90 will also use an electric motor from Geely’s subsidiary Viridi E-Mobility. It will use a ternary lithium-ion battery from Geely’s joint venture with CATL, Sichuan Power Battery Power Co.
Sharing the same platform as ZEEKR 009, Volvo’s electric minivan pulls many of the same features. Although it has similar details to the EM90, Volvo still included its new design language.
You can see the “Thor hammer” headlights, a new signature that will be introduced in its upcoming electric SUVs.
The front grille is much more minimalist, more in line with what you would expect from the Swedish automaker. It will also include a new rear light design and an illuminated Volvo badge up front.
At 205″ (5,206 mm) long, 80″ (2,024 mm) wide, and 72″ (1,859 mm) tall, the EM90 will compete with the Mercedes EQV.
Volvo’s electric minivan will be powered by a single rear electric motor with 272 hp, although the brand will likely offer a 4WD variant.
The ZEEKR 009 is offered in two versions. Buyers can choose from a 116 kWh battery pack with 436 miles (700 km) range or a 140 kWh battery with up to 510 miles (822 km) range.
The EM90 is “designed to make the most of the time spent in the car,” according to Volvo. The brand describes it as “a Scandinavian living room on the move.”
You can expect Volvo to load its first electric minivan (and non-SUV since 2019) with its advanced safety and tech features.
We’ll learn more about the Volvo EM90 on November 12, when the electric minivan makes its global debut. Pre-orders are expected to begin the same day for customers in China.
Electrek’s Take
Although it’s not my favorite-looking electric Volvo, the EM90 will serve a purpose. Volvo is branching into different segments as it looks to become a leader in the EV era.
This summer, the brand released its smallest and cheapest SUV, the EX30. Despite its compact size, Volvo expects big results with a $35,000 starting price. Although the EM90 will not likely make the trip overseas to the US, the EX30 and EX90 are.
The EX30 and EX90 are expected to begin rolling out in the US in the first half of next year. Volvo’s sales soared 631% in the US in September as it looks to build momentum into next year.
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Just after Tesla launched its ‘Full Self-Driving’ package, in China, the country announced that it cracking down on automated driving features with new limitations.
In February, Tesla launched a first version of its “Full Self-Driving” FSD package in China for owners with the latest “Hardware 4.0”, or “HW4”, vehicles.
Most of the features under Tesla’s FSD package have been limited to North America due to Tesla training its system for this market first and due to regulatory limitations in other markets.
Shortly after Tesla launched FSD in China, the American automaker had to pause its rollout due to updated requirements from China’s Ministry of Industry and Information Technology (MIIT).
Now, MIIT has confirmed that it held a meeting with automotive industry stakeholders yesterday, and it has further clarified the rollout of advanced driver assistance (ADAS) features.
CNEV reported on the meeting:
Car companies were asked to refrain from using words like “self-driving,” “autonomous driving,” “smart driving,” “advanced smart driving,” and instead use the term “combined assisted driving” to avoid misleading consumers, according to the minutes of the meeting.
Tesla had already changed the name from ‘Full Self-Driving’ to “Intelligent Assisted Driving” following the launch in China.
Based on a statement from MIIT, the meeting focused on enforcing the previously announced updated requirements that launched right after Tesla introduced FSD in China (translated from Chinese):
The meeting emphasized that automobile manufacturers must deeply understand the requirements of the “Notice”, fully carry out combined driving assistance testing and verification, clarify the system functional boundaries and safety response measures, and must not make exaggerations or false propaganda. They must strictly fulfill their obligation to inform, and truly assume the main responsibility for production consistency and quality safety, and truly improve the safety level of intelligent connected vehicle products.
Regulators want automakers to reduce the frequency of new software updates and instead focus on extended testing before releasing new updates.
The last few months have been quite chaotic for ADAS systems in China. Along with Tesla’s FSD release, several Chinese companies released their systems, including BYD, Xiaomi, and Huawei.
Xiaomi reported a fatal accident in which its ADAS system was active just seconds before the crash, and Tesla owners using FSD racked up thousands of dollars in fines due to FSD making mistakes.
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The Global Payments Company logo seen displayed on a smartphone.
Igor Golovniov | LightRocket | Getty Images
Global Payments shares tumbled 17% on Thursday after the company said it’s buying Worldpay for more than $24 billion while simultaneously selling its Issuer Solutions business to Fidelity National Information Services.
The company said that in acquiring Worldpay, which FIS had purchased in 2019 before later selling a majority stake, it’s expanding its reach and will be able to serve over 6 million customers across more than 175 countries, enabling $3.7 trillion in annual payment volume.
In selling its Issuer Solutions unit to FIS for $13.5 billion, Global Payments is divesting a unit for back-end financial processing that’s long been viewed as a stable provider of growth. In the end, Global Payments is going bigger in providing payments services to merchants, while FIS is focusing on issuer processing.
FIS bought Worldpay for about $35 billion in 2019 and sold most of its stake last year to GTCR.
Global Payments said on Thursday that it obtained committed bridge financing and plans to issue $7.7 billion of debt “to replace the bridge commitment and refinance Worldpay’s outstanding debt.”
Global Payments CEO Cameron Bready called it a “defining day,” and said the transaction gives the company “significantly expanded capabilities, extensive scale, greater market access and an enhanced financial profile.”
But Wall Street was less enthusiastic. While the acquisition gives Global Payments a larger footprint in payment processing, analysts at Mizuho described it as a strategic step backward.
Mizuho reiterated its neutral rating on the stock, warning that “the business could be seeing more meaningful margin pressure than investors acknowledge.” The analysts wrote that FIS won the trade, getting the “crown jewel” with Global Payments getting “more of the same.”
FIS shares rose more than 8% on Thursday.
Both deals are expected to close in the first half of 2026, pending regulatory approval.
The Tesla Cybertruck is in crisis. The automaker is still sitting on a ton of old inventory, which it is now heavily discounting, and it is throttling down production to try to avoid building up the inventory again.
When launching the production version of the Cybertruck in late 2023, Tesla CEO Elon Musk claimed that the vehicle program would reach 250,000 units a year in 2025:
“I think we’ll end up with roughly a quarter million Cybertrucks a year, but I don’t think we’re going to reach that output rate next year. I think we’ll probably reach it sometime in 2025.”
We are now in 2025, and Tesla is expected to currently be selling the Cybertruck at a rate of about 25,000 units a year – a tenth of what Musk predicted.
Earlier this month, we reported that Tesla began the second quarter with 2,400 Cybertrucks in inventory, valued at over $200 million.
This is a real problem for Tesla as many of those Cybertrucks are older 2024 model year units not eligible for the federal tax credit, and even some ‘Foundation Series’, which Tesla stopped building in October 2024 – meaning that Tesla is sitting on some 6-month-old trucks in some cases.
Tesla is now offering deeper discounts on the new inventory of Cybertrucks. The discounts can go as high as $10,000, but the average one is closer to $8,000, which is more than the tax credit:
Despite Tesla’s efforts, the automaker has only reduced its Cybertruck inventory by about 100 units since the beginning of the month.
Tesla is now further throttling down production of the Cybertruck at Gigafactory Texas, according to a new report from Business Insider.
According to two Tesla workers speaking with BI, the automaker has reduced its Cybertruck production teams and now operates at a fraction of its original capacity. It also moved some Cybertruck production workers to Model Y production at the plant.
One of the workers said:
“It feels a lot like they’re filtering people out. The parking lot keeps getting emptier.”
As we previously reported, Tesla has been operating all its factories at approximately 60% capacity to avoid building up excessive inventory amid lower demand.
When it comes to the Cybertruck program, it sounds like Tesla is lowering production even further.
Last week, Tesla launched a new version of the Cybertruck in an attempt to boost demand, but it has been poorly received due to the automaker’s removal of many essential features.
Electrek’s Take
There are a lot of other automakers that would have already given up on the Cybertruck ith these results, but not Tesla. Musk is not one to admit defeat easily.
However, Tesla is running out of options.
The new Cybertruck RWD was a desperate attempt, and I doubt it will work. Now, it sounds like Tesla is further throttling down production – virtually confirming that the new trim didn’t help.
The next step would be a complete production pause.
Again, I don’t think Musk wants to admit defeat, but at some point, it’s inevitable.
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