This latest prototype, spotted in southern Europe, appears to be wearing the same level of camouflage as the vehicle spied in Sweden in February. Although without the snow, it's easier see some of the car's detailing.
Spy photographers were able to snag photos of the XC40's interior, including its dashboard, and front and rear seats.
We'll reserve judgement until the production version is unveiled, but it appears the XC40's interior is inspired by its larger and more expensive siblings, but will feature more black and grey plastic.
Under the skin, the new XC40 is based on the Compact Modular Architecture (CMA), which Volvo is developing on behalf of its parent company, Geely. In time, CMA will also be found underneath the next-generation S40 sedan and the replacement for the V40 hatch.
Power for the new XC40, and presumably other vehicles based on CMA, should come from a selection of turbocharged petrol and diesel engines. The T5 'Twin Engine' plug-in hybrid drivetrain will also be offered at some point.
The company has confirmed the new XC40 will make its debut in 2017, although the launch likely won't happen until later in the year. This means global sales of the XC40 crossover won't start until early 2018.