"Our product offensive is built on four unique strengths: regionalized product offerings, leadership in electrification, unique synergies with Geely, and a complete customer offering that extends beyond the car itself," says Håkan Samuelsson in the press release.
Will raise operating margin
He adds in a separate press release that Volvo Cars aims to reach an operating margin of 8 percent, compared with 1.1 percent in the second quarter of this year.
The operating margin shows operating profit as a share of net sales.
"Many of the upcoming models will require significantly lower investments per car compared with previous launches of a first model on a new platform, such as the EX60," Volvo Cars writes.
Volvo Cars, majority owned by Chinese Zhejiang Geely Holding Group, has around 42,600 employees worldwide, according to the company's website.
Demand for hybrid cars
A large part of production, research and development takes place in Gothenburg, but large facilities are also located in Belgium, China and the US.
Volvo Cars shares have fallen by around 40 percent on the Stockholm Stock Exchange so far this year.
Ahead of Capital Markets Day, Volvo Cars has announced new hybrid models in the XC60 and XC90 series with longer ranges than previous models. They will be sold in Europe and the US.
Volvo Cars has also said that it sees demand for hybrid cars - which run on both electricity and fossil fuels - will persist well into the 2030s.
