Who Owns Volvo?

Shoppers planning to buy a new Volvo might wonder who owns Volvo. At present, Volvo is owned by the Zhejiang Geely Holding Group based in China. This group also owns 15 other vehicle makes, including the exclusive Geely Auto brand only sold in Chinese markets. 

Since taking over ownership of Volvo, Zhejiang has taken great strides in making sure that existing standards are kept and expanded upon to make each model unique. In the following guide, Volvo Cars Charleston will answer, “Where are Volvo vehicles made?” and more. If you have additional questions, call us at 304-605-2873 or reach out online!

About The Zhejiang Geely Auto Group

Answering “Who makes Volvo cars?” can’t be answered without discussing the holding company that owns them. Based in Hangzhou in China’s southeast Zhejiang province, they launched their own domestic automotive business in 1997. With models including the Geely Xingrui and the more recent Geely Panda Mini EV, they’ve carved a name for themselves among Chinese car manufacturers.

In 2010, the auto group would take over the Swedish-made Volvo brand. So, who makes Volvo nowadays? They’re currently crafted and designed by the Zhejiang Geely Holding Group after being part of the Ford Motor Company for a short time.

Where Are Volvo Vehicles Made?

While the holding company is based in China, all new Volvo cars are produced in Sweden and, more recently, at a plant in Ridgeville, South Carolina.

At the same time, Volvo models made for the Chinese auto market at four facilities based in China. When asking, “Who makes Volvo Cars?” the question is more complicated than you might imagine!

Who Owns Volvo? – The Future 

As we answer, “Where are Volvo vehicles made?” remember that Volvo cars and Volvo trucks have been separate since 1999. Currently, the Zhejiang Geely Holding Group, which owns the cars group, has invested an 8.2% stake in the truck group, hoping this marks the reunification of both lines.

In terms of design and production, newer Volvo models are becoming safer and more sustainable. Updates in safety technology are being developed and included on these models to ensure you’ll stay safe on the roads around the Hillsdale, WV area. This company stands behind these models to ensure they protect drivers with everything they need while ensuring quality performance for years to come.

Find Your New Volvo in Charleston With Us!

Now that you know who makes Volvo, turn to our Charleston dealership for all your needs. If you want to save, check out our new vehicle specials to see if your preferred model is present.

For those who don’t want to stretch their budget, a certified pre-owned Volvo model can provide the best of both worlds. Explore all your potential vehicle options around Ashford, WV with Volvo Cars Charleston!