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*
$4.8B
Net Profit Margin (2024)
XYZ
-98.7%
(2024 vs 2023)
* As of and is in US$
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 | New Products/Services | In September, the company launched new Connected Safety features for Volvo EX60, EX90 and ES90 drivers. |
| 2026 | New Products/Services | In September, the company launched its long-range plug-in hybrids for the European and American market. |
| 2026 | Contracts/Agreements | In September, the company and Geely Auto reached an agreement to become the exclusive distributor of Lynk & Co vehicles across Europe. |
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 | Chief Executive Officer; Director; President | Executive Board | 2025 | 75 |
| Fredrik Hansson | Chief Financial Officer | Senior Management | 2025 | 44 |
| Helen Hu | General Counsel; Chief Legal Officer | 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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