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Volvo to introduce 13 new models by 2030
Volvo Cars has announced its plans to launch 13 new models by 2030, aiming to expand its product lineup and increase its market share, with a focus on electric and hybrid vehicles. The models include six targeted at the Chinese market and seven for Western markets. The company expects its pre-tax profit margin to exceed 8%, up from 3.5% in 2025. These plans come after previous challenges related to tariffs and weak demand for electric cars. The company aims to improve profitability through its "SPA2" and "SPA3" platforms and its alliances with Geely Auto in China.
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