Volvo is targeting to sell 125,000 XC40s globally at the crossover’s peak, led by China (25,000 to 27,000 sales), the U.S. (16,000) and the UK (14,000). The XC40 is also a crucial part of Volvo’s plan to increase global sales nearly 50% to 800,000 vehicles by 2020.

The XC40’s optional equipment includes Volvo’s semi-autonomous Pilot Assist system, which can steer, accelerate and brake the vehicle in certain settings; a 360-degree camera to help drivers maneuver in and out of tight parking spaces; as well as a system that guides the vehicle into a parking spot.

Volvo will offer a 190-hp four-cylinder 2.0-liter diesel and a 250-hp four-cylinder 2.0-liter gasoline engine at launch. Both engines will be mated to an eight-speed automatic transmission and come with all-wheel drive. Plug-in hybrid and full-electric variants will follow.

Standard features include Volvo’s fourth-generation City Safety crash-prevention technology, which can prevent crashes at speeds up to 60 kph as well as technology that stops the car from running off the road and helps the SUV avoid a head-on collision.

Clever solutions: The XC40 is Volvo’s first model with inductive charging for mobile phones and the first to offer a car-sharing option for family and friends.

The XC40 is the first Volvo underpinned by the compact modular architecture, or CMA, that the automaker co-developed with sibling brand Geely Automobile. The XC40 has one of the most functional interiors on the market. The highlights include enough storage space in the doors for a laptop computer and large bottle of water, a fold-out hook for small bags or take-out food and a removable waste bin in the center console.