Volvo

Volvo

Volvo Car AB
Sweden

Swedish premium automaker headquartered in Gothenburg, known for safety engineering and Scandinavian design. Majority-owned by China's Geely since 2010.

Volvo models
EX90
EV
EX90

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.

670 hp 491 km AWD
Explainers
Europe's Car Brands: The Ownership Structure
Europe's Car Brands: The Ownership Structure

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.

About

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.

Frequently asked questions
Who owns Volvo?
Volvo is owned by Geely Holding (since 2010).
What country is Volvo from?
Volvo is a Swedish brand, headquartered in Gothenburg.
When was Volvo founded?
Volvo was founded in 1927.
What kind of cars does Volvo make?
Volvo makes premium SUVs, sedans, estates and electric vehicles.
Who owns Volvo?
Geely Holding of China has owned Volvo Cars since 2010, when it bought the brand from Ford. Volvo Cars also holds a controlling stake in the electric performance brand Polestar, which it co-owns with Geely.
What powertrains does Volvo sell?
The current lineup mixes fully electric models (EX30, EX40, EX60, EX90) with plug-in hybrid and mild-hybrid versions of its combustion-based SUVs, sedans and estates. Volvo has said it intends to move to an all-electric lineup over time.
Where are Volvo cars built?
Volvo builds vehicles at plants in Sweden, Belgium, China and the United States (Ridgeville, South Carolina), reflecting both its European heritage and its ownership by Geely.
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