Volvo Cars to launch 13 new models this decade, eyes earnings boost

According to Business Recorder, Volvo Cars expects to roll out 13 fresh models by 2030, a timetable it disclosed before a Stockholm investor session on Thursday. The Swedish automaker is pursuing this expansion to widen its lineup and reinvigorate sales. Under chief executive Hakan Samuelsson, the company has trimmed its product portfolio and leaned more heavily on regional tailoring, with less customisation across markets.

Six of the planned models are aimed at China and seven at Western markets, a split the company said would help it reach an EBIT (earnings before interest and tax) margin above 8%, compared with 3.5% in 2025. The Western vehicles will rest on the SPA2 and SPA3 platforms, while China-focused models will be developed with sister company Geely Auto.

Samuelsson said in a statement that the product push rests on four strengths: regionalised offerings, leadership in electrification, synergies with Geely, and customer offers that extend beyond the vehicle itself.