Personal, sustainable and safe
Volvo Car Group
Our Company at a Glance
We have created world-changing innovations since the first Volvo rolled off the production line in 1927. The modern seatbelt. The side impact protection system. The pedestrian detection system. Today, Volvo Cars is one of the most well-known and respected premium car brands, preparing for a new future that will be all-electric, autonomous and connected.
Our company is a truly global organisation: our roots are decidedly Scandinavian, but we have manufacturing, research and design operations in Europe, Asia and the Americas.
Volvo Cars in figures
Cars sold in 2020
Average number of employees
2020 operating profit (bnSEK)
Our Global presence
Aiming for zero
SHAPING TOMORROWS MOBILITY
Volvo Car Group in short
Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Our group structure comprises Volvo Cars, software company Zenseact, and our related direct consumer businesses: car subscription service Care by Volvo and mobility company M. Volvo Car Group also includes the sizeable stakes in our strategic affiliates: electric performance brand Polestar (50% owned by Volvo Cars) and new Chinese car brand LYNK & CO (30%).
Learn more about the brands:
Volvo Cars websites
Discover Volvo Cars
Lynk & Co
Learn more about M
Our 2025 business ambitions
We’re ambitious and we continually challenge ourselves. The global automotive industry is changing, and Volvo wants to lead that change – in safety, connectivity, electrification and autonomous drive technology. Rather than just building and selling premium cars, we will provide our customers with the freedom to move in a personal, sustainable and safe way.
By the middle of this decade it aims for half of its global sales to be fully electric cars and to generate half of its revenue from its direct consumer business. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
Volvo Cars aims to become a global and diversified mobility service provider. This means new models of car ownership and access, and new attractive services whenever and wherever customers want it. We want to come closer to our customers, so we’re aiming for more than five million direct consumer relationships by the middle of the next decade, creating new sources of recurring revenue.
And we’re aiming to do all this while generating premium-level profitability, driven by increased revenue across all three global sales regions and a broader range of cars, services and customers.
Volvo Cars has one of the most ambitious climate plans in the car industry. We aim to reduce our CO2 emissions per car by 40 percent between 2018 and 2025, a first tangible step towards our long-term goal of becoming climate neutral by 2040. We realise that electrification alone is not enough, and so our climate ambitions go beyond radically reducing tailpipe emissions through all-out electrification. We will also tackle carbon emissions in our manufacturing network, our wider operations, our supply chain and through our approach to recycling and reuse of materials.
For a safer future
Build your career with Volvo Cars
Volvo Cars’ proud history of automotive innovations is the result of a collaborative, diverse and inclusive working environment. What we all have in common at Volvo Cars is our passion for protecting lives and our endless curiosity.
From past to future: 90 years of refinement
In every generation since the late 1920s, Volvo has been a pioneer. Our company was born because we believed that nobody was making cars strong enough or safe enough for Swedish roads. Discover how our heritage – events, casual encounters, strokes of genius and ground-breaking innovations – shapes our unique approach to mobility.