Volvo Cars has announced that it plans to “capitalise on the popularity of its new smaller models” with the introduction of fresh vehicles based on its Compact Modular Architecture (CMA).

In a statement, the Swedish brand said the new models would be “replacing the current V40”.

A spokesperson, meanwhile, told Automotive News Europe that the upcoming models would “not be hatchbacks”, but declined to reveal which body styles were on the cards. We'd speculate that the range of new models will include an S40 sedan (previewed by the Concept 40.2 of 2016 pictured above) and perhaps a V40 wagon.

Volvo says the upcoming new CMA-based models will include “fully electric vehicles” and will be sold globally in “all major regions”.

Volvo added that it would expand production of the new XC40, the first of its wares to run on the CMA platform, in both Europe and China after having received “almost 80 000 orders”. Production would be increased at its Ghent manufacturing plant and its Luqiao factory in China in the first half of 2019.

“The XC40’s success has surpassed even our highest expectations,” said Håkan Samuelsson, president and CEO of Volvo Cars.

“The small SUV segment is the fastest-growing segment in the industry now, and with these additional CMA-based models we expect to benefit further from that growth.”