Volvo Cars to Launch 13 New Models Through 2030
Volvo Cars announced plans to launch 13 new models between now and 2030 as part of a strategy aimed at expanding its product range, boosting sales, and improving profitability. The automaker emphasized regionalization in its approach, with six models tailored for the Chinese market and seven designed for Western markets. These efforts are expected to help Volvo achieve an EBIT margin above 8%, up from 3.5% in 2025. The new vehicles will be built on existing platforms such as SPA2 and SPA3 for Western markets, while China-specific models will leverage synergies with Geely Auto, a sister company under the same parent firm. CEO Hakan Samuelsson highlighted regionalization, electrification leadership, collaboration with Geely, and comprehensive customer offerings as key pillars of Volvo's strategy.
Topics: EBIT Margin Target Electrification Market Expansion New Models