SwedenVolvo Cars will launch 13 all-new models by the end of 2030, the company said at its strategy update in Stockholm on 17 September. It is the plan that Volvo’s July outlook said was coming, and it splits the range by region: seven models for Europe and North America, six for China.
Seven for the West, six for China
The Western cars are electric and hybrid models on the SPA2 and SPA3 platforms, with Volvo’s HuginCore computing architecture. The Chinese cars are developed with Geely on local platforms and run a separate software stack, so they are not variants of the Western models.
Volvo has not named a single body style. It says the plan reaches segments the current range does not cover, and does not rule out a return to sedans and estates, which fits the SPA3 sedan and wagon already reported in development. The direction for the design will be shown in a concept in 2027. Thomas Ingenlath, the former Polestar chief executive, returned to Volvo as Chief Design Officer on 1 February 2026.
Geely parts and the margin target
Volvo wants to raise the share of components it has in common with other Geely Group brands from about 10% today to around 30% by 2030, which it puts at roughly 5% off material costs. The Geely relationship is also changing where cars are built: Geely has said that from 2028 models from its own portfolio will be assembled at Volvo’s European plants.
The financial targets are an EBIT margin above 8%, against 3.5% in 2025, and a doubling of Volvo’s combined market share in battery-electric and hybrid cars. Volvo gave no year for the margin goal in the material we could check.
