Volvo Car AB - Company Profile
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Volvo Car AB (Volvo Cars), a subsidiary of Geely Sweden Holdings AB, is an automotive manufacturing company. The company's primary activities include design, development, manufacturing, marketing, and sales of internal combustion and electric cars, along with related services. Volvo Cars offers a range of vehicles such as SUVs, wagons, and sedans. The company's vehicles are marketed and sold to various customers through a network of local dealers under the brand Volvo. Volvo Cars operates globally, with product development, manufacturing, sales, technology, and customer service operations in Sweden, Belgium, the US, and China, and regional offices in the US and China. Volvo Cars is headquartered in Gothenburg, Vastra Gotaland, Sweden.
Headquarters
Sweden
Address
VAK Building, Gunnar Engellaus vag 8, Goeteborg, Vastra Gotaland, 41878
Website
www.volvocars.com
Telephone
46 315 90000
No of Employees
39,700
Industry
Automotive
Ticker Symbol & Exchange
VOLCAR B (STO)
Revenue (2024)
$36.4B
-10.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-98.9%
(2024 vs 2023)
Market Cap*
$6.1B
Net Profit Margin (2024)
XYZ
-98.7%
(2024 vs 2023)
* As of and is in US$
Volvo Car AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Cars: | Applications and | Volvo |
| SUV/Crossover: | Volvo Cars App | |
| XC90 / EX90 | Design and Buy: | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company signed a memorandum of understanding with Belgium's federal authorities and the regional government of Flanders for support measures for its Ghent manufacturing plant. |
| 2026 | Commercial Operation | In July, the company began delivering fully electric EX60 SUV in Sweden. |
| 2026 | Product Recall | In June, the company recalled about 64,000 hybrid vehicles because of possible battery overheating after full charging. |
Competitor Comparison
| Key Parameters | Volvo Car AB | Volkswagen AG | Bayerische Motoren Werke AG | Mercedes-Benz Group AG | Tesla Inc |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Germany | Germany | United States of America |
| City | Goeteborg | Wolfsburg | Munich | Stuttgart | Austin |
| State/Province | Vastra Gotaland | Niedersachsen | Bayern | Baden-Wurttemberg | Texas |
| No. of Employees | 39,700 | 652,211 | 154,540 | 152,528 | 134,785 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Li Shufu | Chairman | Executive Board | 2010 | 63 |
| Hakan Samuelsson | President; Director; Chief Executive Officer | Executive Board | 2025 | 75 |
| Fredrik Hansson | Chief Financial Officer | Senior Management | 2025 | 44 |
| Helen Hu | Chief Legal Officer; General Counsel | Senior Management | 2024 | 50 |
| Hanna Fager | Chief People Officer | Senior Management | 2016 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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