Swedish premium automaker headquartered in Gothenburg, known for safety engineering and Scandinavian design. Majority-owned by China's Geely since 2010.
The Volvo EX60 is a midsize electric SUV on the new SPA3 platform with an 800-volt architecture and a native NACS charging port. US buyers can choose a 369 hp rear-drive P6, a 503 hp all-wheel-drive P10, or a 670 hp all-wheel-drive P12, with EPA range from roughly 307 to 400 miles (494 to 644 km). A well-equipped P6 Plus starts at $58,400.
The Volvo EX90 is a full-size, seven-seat electric flagship SUV built on the SPA2 platform. US buyers can choose between a 329 hp Single Motor, a 442 hp Twin Motor, and a 670 hp Twin Motor Performance, with EPA range up to 305 miles. For 2026 the range adds a Black Edition appearance package with gloss-black trim and 22-inch wheels.
The Volvo XC40 is a compact SUV sold exclusively with mild-hybrid petrol power in Europe, with the fully electric version now badged separately as the EX40. UK buyers choose between a 163 hp B3 and a 197 hp B4, both front-wheel drive, across Core, Plus, Plus Pro, Ultra and Black Edition trims from £35,840.
Volvo global sales fell 8 percent in the first half of 2026 to 324,800 cars, but CEO Hakan Samuelsson says the company's most ambitious product plan yet is set to turn that around, starting with the new EX60 electric SUV and a record-demand EX90 flagship, with a strategy reveal and electric successors to the S60 and V60 due later this year.
Volvo has extended its Black Edition treatment to the EX90, the brand's flagship electric SUV. Nothing changes mechanically: the package is gloss-black exterior and interior trim, offered across all three powertrains and, for the first time, with paint colors other than black.
Most European badges trace back to about five mega-groups - Volkswagen, Stellantis, BMW, Mercedes-Benz and Renault. But several beloved European brands are now owned abroad, in China, India and the UAE, and a few Chinese and joint-venture names now sell under European flags. Here is who owns what in 2026.
China's car market runs on a handful of giant groups, each fielding a stack of brands. Here is who owns what - the parent companies, the sub-brands, the Huawei alliance, and why the chart keeps changing.
Poland's new-car market grew 19% in June, but the story of the month was the MG HS - the Chinese-owned SUV climbed to 4th among every model sold in the country, its best result yet.
The UK's new-car market grew 9.2% in the first half of 2026, but the standout was the Jaecoo 7 - a Chinese SUV that only reached UK showrooms in 2025, and already the country's third best-selling car.
Volvo was founded in 1927 in Gothenburg, Sweden, and built its reputation on safety engineering, introducing innovations such as the three-point seatbelt in 1959 and sharing the patent freely across the industry. The company passed through Ford ownership from 1999 to 2010 before Chinese conglomerate Geely Holding acquired it, funding a broader model range and a shift toward electrification.
The current lineup spans SUVs (XC40, XC60, XC90), sedans and estates (S90, V60, V90), and a growing family of electric vehicles built on dedicated EV platforms, including the EX30, EX40, EX60 and flagship EX90. Volvo also holds a controlling stake in Polestar, the standalone electric performance brand it co-owns with Geely.
Production is split between Sweden, Belgium, China and a US plant in Ridgeville, South Carolina, giving Volvo manufacturing access across its three largest markets.
