"Later this year, we will reveal our new all-electric flagship SUV," Volvo said.

Originally electric and software defined, it is a demonstration of our future and marks the beginning of a new era of security and company.

For almost 100 years, Volvo's purpose has been to innovate and set new standards to save more lives. With the latest car, the legacy continues with the introduction of new technologies that will help and accelerate progress towards the company's vision:

That no one should be seriously injured or lose their life in a new Volvo car.

"Before we show you the car later this year, Jim Rowan will present our vision for Volvo cars and safety in the future – and offer a first look at some of the new technologies that come as standard on our next all-electric SUV. It will feature innovative features designed to increase your safety as well as those around you," the announcement reads.