Volvo Cars sells part of Polestar to support investments. There are several innovations in Volvo's future both in terms of product range and corporate structure.
Volvo's new entry-level electric EX30, in particular, is set to deliver gross margins of 15-20% and brings the company closer to that goal. Volvo Cars also expects the upcoming EX90, which will enter production in the second quarter, and the EM90, both large-sized, to help close the gap between EV and Ice margins.