Volvo Cars announced the largest global product plan in the company's history. From now until the end of 2030, it will launch 13 new models, including six new models for China. Volvo Cars said that at that time, the company will have a clear regionalized product portfolio, including electrified models, pure electric models, and third-generation hybrid models developed for the regional market. The company also anticipates additional cost savings through hardware procurement synergy with Geely in the European and Chinese markets. By 2030, Volvo Cars aims to fully generalize about 30% of its components, compared to 10% currently. More details will be revealed at Volvo Cars Strategy Update in Stockholm later today.

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