VolvoCars

Volvo Cars is a Swedish multinational manufacturer of luxury vehicles headquartered in Gothenburg. Since 2010, Volvo Cars has been owned by Geely Holding Group, the parent company of Chinese automotive manufacturer Geely Automobile. 2024 saw Volvo Cars increase its sales of full BEVs by 54%, despite adjusting its target to be fully electric by 2030 downwards. This profile assesses Volvo's electrification efforts thus far and its roadmap going forwards.