Volvo Car AB - Company Profile
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Volvo Car AB (Volvo Car) is a subsidiary of Zhejiang Geely Holding Group Co., Ltd, is a car manufacturing company. It manufactures wide range of cars including SUVs, wagons and sedans. Volvo Car markets its products under Volvo brand. Its models include XC90, XC70, V70, V60, V60 Cross Country, S80, S60 and other related models. It provides fleet sales and concept cars. It has product development, manufacturing, sales, technology and customer service operations in Sweden, Belgium, and China. It sells cars through a network of dealers worldwide. Volvo Car is headquartered in Goteborg, Sweden.
Headquarters
Sweden
Address
Avd 50090 Hb3s, Goeteborg, Vastra Gotaland, 40531
Website
www.volvocars.com
Telephone
46 31 590000
No of Employees
43,446
Industry
Automotive
Ticker Symbol & Exchange
VOLCAR B (STO)
Revenue (2022)
$37.6B
21%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-16.2%
(2022 vs 2021)
Market Cap*
$10.9B
Net Profit Margin (2022)
XYZ
-30.7%
(2022 vs 2021)
* As of and is in US$
Volvo Car AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Cars: | Applications and | Volvo |
| SUV/Crossover: | Volvo On Call | |
| XC90 | Sensus Connect | |
| 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 |
|---|---|---|
| 2024 | Others | In April, the company announced the switching of its Taizhou manufacturing plant to biogas. |
| 2024 | Contracts/Agreements | In April, the company signed a memorandum of understanding with Contemporary Amperex Technology Co. Ltd on the recycling of electric car batteries in China. |
| 2024 | Financing Agreements | In March, the company invested in Breathe Battery Technologies. |
Competitor Comparison
| Key Parameters | Volvo Car AB | Volkswagen AG | Toyota Motor Corp | Ford Motor Co | Mercedes-Benz Group AG |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Japan | United States of America | Germany |
| City | Goeteborg | Wolfsburg | Toyota-Shi | Dearborn | Stuttgart |
| State/Province | Vastra Gotaland | Niedersachsen | Aichi | Michigan | Baden-Wurttemberg |
| No. of Employees | 43,446 | 684,025 | 375,235 | 177,000 | 166,056 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Eric Li | Chairman | Executive Board | - | 60 |
| Jim Rowan | President; Chief Executive Officer | Senior Management | 2022 | 58 |
| Johan Ekdahl | Chief Financial Officer | Senior Management | 2022 | 48 |
| Javier Varela | Deputy Chief Executive Officer; Chief Operating Officer | Senior Management | 2022 | 59 |
| Helen Hu | Chief Legal Officer; General Counsel | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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