The outlet claims the manufacturer's CEO – Håkan Samuelsson – confirmed the project in a private discussion.
Above: Geely's SEA modular platform
Volvo filed to trademark several variations of the XC name – including XC10 and XC20 – all the way back in 2011, however it has not officially confirmed a designation for the upcoming SUV.
A spokesperson for the manufacturer's Australia division was unable to confirm the rumour, however told CarAdvice the SEA platform would definitely be compatible with a smaller electric SUV configuration.
“If that’s the way we go, I think it’d still be a few years away," the representative added.
Volvo's first fully-electric car – the XC40 Recharge P8 – is set to come onto the local market in late 2020, and the manufacturer presently offers a Plug-in Hybrid (PHEV) range comprising the XC90, XC60, S60, and V60.