Volvo has dropped the first photos of a couple of new compact concept cars which they say preview the company’s future “premium small cars.” Volvo 40 Series concepts, neatly called 40.1 and 40.2, will eventually be turned into production models called, according to their body styles, the new V40, S40 and XC40.

Based on the nomenclature currently used by Volvo the V40 would be the wagon, the S40 the sedan, and the XC40 the crossover/compact SUV model. These models would slot below the 60 Series and boast styling cues from these 40 Series concepts you see here.

To be built on the firm’s new Compact Modular Architecture (CMA), Volvo 40 Series will be at the forefront of the Swedish car maker’s effort in electrification of their range with the ultimate goal of selling up to one million electrified cars by 2025 globally. The 40’s range will include a pure-battery electric vehicle as well as Twin Engine plug-in hybrid powertrain variants.

“The new 40 series cars have the potential to improve our market penetration in an important growing segment,” said Håkan Samuelsson, President and Chief Executive of Volvo Cars. “An electric powertrain program, including both a new compact Twin Engine plug-in hybrid as well as a pure electric car, are central to the CMA architecture.” He added that the first new 40 series car is expected to go into production in 2017.