Volvo Cars is a Swedish multinational automotive manufacturer founded in 1927 by Assar Gabrielsson and Gustaf Larson. The company was established with the vision of building cars that could withstand Sweden's rugged roads and harsh climate. Volvo quickly gained a reputation for safety, introducing numerous innovations such as the three-point seatbelt and side-impact protection systems. The brand is synonymous with durability, quality, and Scandinavian design.
Over the years, Volvo expanded its product range to include sedans, wagons, SUVs, and more recently, electric vehicles. Notable models include the XC series of SUVs and the S and V series of sedans and wagons. In 2010, Volvo Cars was acquired by Zhejiang Geely Holding Group of China, which has since supported Volvo's growth and technological advancements while allowing it to maintain its Swedish heritage and operational independence.
Volvo has made significant strides in the electric vehicle (EV) sector, committing to becoming a fully electric car company by 2030. The company launched the XC40 Recharge, its first all-electric vehicle, and the C40 Recharge, a coupe-style SUV. Volvo's commitment to sustainability includes not only electrification but also reducing carbon emissions throughout its supply chain and operations, aiming to be a climate-neutral company by 2040.
CEO | Jim Rowan |
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Founded | 1927 |
Market Cap / Stock Symbol | 200b SEK / VOLCAR-B |
Headquarters | Gothenburg, Sweden |
Website | https://www.volvocars.com |