Volvo Car AB (Volvo Cars), a subsidiary of Geely Sweden Holdings AB, continues to design, develop, manufacture, market, and sell cars along with related services. The company's product portfolio includes SUVs, wagons, and sedans.

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Volvo Cars is at the forefront of electric and digital vehicle technology, focusing on the development of the SPA3 platform, a next-generation, fully electric vehicle architecture. This platform supports scalability across the product range and is designed to meet performance, cost efficiency, quality, and sustainability requirements. The company has unified its product portfolio on a single software architecture, enabling faster development, continuous over-the-air upgrades, and improved quality. Volvo Cars is also advancing life-centric innovations, including advanced sensors and a Driver Understanding System to enhance safety features. The company is committed to electrification as a key driver of future volume and profitability. The company plans to continue expanding its BEV portfolio and refreshing its plug-in hybrid cars for markets not yet ready to fully transition to electric vehicles. In FY2025, the company incurred expenses of SEK26,067 million on R&D, which as a percentage of revenue, stood at 7.3%.