STOCKS | Volvo Cars Plans 13 New Models Through 2030

Volvo Cars plans to launch 13 all-new models from now through the end of 2030. According to Sina Finance, the company said the lineup will include electric models, fully electric models, and third-generation hybrid models developed for different regional markets. The plan includes seven new models for Western markets and six for China. Volvo Cars said the product strategy is aimed at expanding its target market in the fast-growing fully electric segment, while third-generation hybrid models will serve consumers who are still unwilling to switch to fully electric vehicles, helping it double market share.