The new Volvo XC40 is one of the most anticipated cars of the year, and the carmaker has now confirmed its smallest XC model will celebrate its global premiere on September 21. This is according to a post on its official Facebook page, where a live reveal will be aired from the company’s Milan studio.

In the past few weeks, the carmaker has released several teasers and previews of the XC40, giving us some clues about what to expect. There have also been several sightings of the vehicle, which was previewed by the 40.1 concept, in prototype form.

The XC40 will be the first car built on Volvo’s new Compact Modular Architecture (CMA), powered by various Drive-E 2.0 litre four-cylinder petrol and diesel engines. Also expected is a T5 Twin Engine plug-in hybrid powertrain, which features a 1.5 litre three-cylinder Drive-E engine, an electric motor, tunnel-mounted battery and a new seven-speed wet dual-clutch automatic transmission.

Volvo says it followed a new development path for the small SUV, providing its designers the freedom to craft a car that exudes vibrancy, individuality and playfulness – things that it claims are missing in the small SUV segment.

The materials and colour palette for the vehicle are a reflection of this approach, plus it will also offer plenty of suitable and functional storage spaces inside. Of course, there’s quite a bit of technology fitted here as well, which the company says was “developed around the challenges of modern city life.”

Sounds promising then, but we’ll have to wait for the official reveal to see what’s what with the new XC40, so stay tuned.

GALLERY: Volvo XC40 spyshots

GALLERY: Volvo 40.1 concept