Volvo Car AB (publ.)
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in mil. unless spec.Company Description
- CEO
- Hakan Samuelsson
- Full Time Employees
- 44,605
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- Gunnar Engellaus väg 8 Gothenburg VG Sweden 418 78
- IPO Date
- Nov 4, 2021
- Website
- volvocars.com
- Similar Companies
- Business
- Volvo Car AB (publ.) Volvo Car AB (publ.) designs, develops, manufactures, assembles and markets premium passenger cars, including SUVs, sedans, wagons and minivans, with a portfolio encompassing fully electric models such as the EX90 flagship SUV, EX30 compact SUV, ES90 sedan, EX60 mid-size SUV and EM90 minivan; plug-in hybrids like the XC90, XC70 next-generation long-range hybrid, XC60 and V60; and mild hybrids including the XC40, V90 Cross Country, S60 and V60 Cross Country; alongside vehicle parts, accessories and digital services integrated with Google built-in Android Automotive OS. Founded in 1927 and headquartered in Gothenburg, Sweden, with principal manufacturing in Sweden, Belgium, China and the United States, the company operates globally across the Americas, Greater China and Europe plus rest of world, serving individual consumers and fleet customers who prioritize safety, sustainability and premium Scandinavian design. A subsidiary of Geely Sweden Holdings AB, Volvo Car AB (publ.) targets electrification with a goal of 100% electric vehicles by 2030, phasing out fossil fuel-only cars by 2025. The company recently launched an SEK 18 billion cost and cash turnaround plan yielding initial profitability gains into 2026, expanded its Google partnership to integrate Gemini AI and accelerate Android innovations in models like the EX90, took full ownership of infotainment developer HaleyTek, restructured into three regional operations for better market adaptation, announced a new hybrid for its South Carolina plant alongside XC60 production to boost US capacity, launched the XC70 PHEV in China, ramped up EX30 and EX90 output in Europe while preparing the EX60 reveal for January 2026 on the new SPA3 platform with mega-casting and advanced batteries, and discontinued LiDAR sensors from future EX90 and ES90 models starting 2026 due to supplier issues, relying instead on camera and radar systems.
Company News
Volvo makes a bigger bet on Nvidia
Volvo Cars expands automated driving partnership with Nvidia
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FourKites Recognizes Kimberly-Clark, Arrow Electronics, Nestlé USA, Volvo Group and Church & Dwight for Outstanding Achievements in Supply Chain Transformation
Volvo Car Pulls Guidance as Chinese Auto Market Worsen
Volvo Cars warns of weaker sales, cash flow
Volvo Recruits a Top VW Executive to Steer Its Turnaround
Volvo Car Plans Major Model Lineup Revamp
Volvo Cars to launch 13 new models this decade, eyes earnings boost
Volvo Cars launches longer-range versions of its hybrid XC60 and XC90 models
Volvo Cars to become Lynk & Co's European distributor starting 2027
Volvo Car Sales Slip on China, U.S. Weakness
Volvo Cars to close Stockholm office
Volvo Construction Equipment Rolls Out First U.S.-Built Excavators and Large Loaders
Volvo Car Sales Slip 4% on China Weakness
Volvo Car Expects Sales to Strengthen on European Growth, U.S. Recovery
Truckmaker Volvo's Q2 operating profit rises, orders jump
Volvo Cars posts smaller profit for the second quarter
Volvo Cars to receive financial support for its Ghent plant
Volvo Says Current Trading Remains Solid as it Moves to Make Earnings More Resilient