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Volvo Cars

Volvo Cars

Swedish carmaker known for vehicle safety

Gothenburg, SE Founded 1927 500+ employees

About

Volvo Cars is a Swedish car maker headquartered in Gothenburg. It started in 1927 as a car division of the ball bearing maker SKF. The Chinese company Geely has owned Volvo Cars since 2010.

The firm sells sedans, wagons and SUVs such as the XC40, XC60 and XC90, plus fully electric models like the EX30 and EX90. Volvo introduced the three-point seatbelt in 1959 and has built its reputation on safety. Its electric performance arm, Polestar, is now a separate listed company.

Volvo Cars has plants in Sweden, Belgium, the United States and China. The company says it will move to an all-electric range. It is listed on Nasdaq Stockholm. The company runs a software team and a subscription program. Volvo has focused on safety features such as the Pilot Assist driving aid and the Care Key. Competitors include Audi, BMW and Mercedes-Benz.
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