Volvo Cars plans to launch 13 new models by 2030 as the Sweden-based automaker seeks to double its market share and raise its EBIT margin above 8% from 3.5% in 2025. Seven models are intended for Western markets and six for China, reflecting CEO Hakan Samuelsson's strategy of offering more region-specific vehicles with less customization. Western-market models will use Volvo's SPA2 and SPA3 platforms, while China-focused vehicles will be developed with sister company Geely Auto. Volvo also plans deeper cooperation with Geely on hardware sourcing in Europe and China, lifting parts commonality to 30% from about 10% and generating roughly 5% in material-cost savings by 2030. The company did not specify when it expects to reach its new margin target after previous profitability ambitions were weakened by tariffs, softer EV demand and development costs.