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.
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.
