Volvo Cars

Overview

Volvo Cars presents itself as a brand for people who care about the world around them, with a stated mission to make life easier, better and safer. Its story page frames the company around three ideas: personal, sustainable and safe. The page says the founders named safety as the guiding principle in 1927.

Electrification goals

The company says its long-term aim is to become a fully electric car company. It reports five fully electric cars on sale and five more models in development. Its published targets are 50 to 60 percent electrified in 2025 and 90 to 100 percent by 2030, alongside a 30 to 35 percent cut in carbon dioxide per car in 2025 and a 65 to 75 percent cut by 2030.

Group structure and footprint

Volvo Cars has been listed on the Nasdaq Stockholm exchange since 2021. The wider Volvo Car Group includes the software company Zenseact and HaleyTek, which develops Android-based infotainment systems, plus an 18 percent stake in the electric performance brand Polestar. The global headquarters has stayed in Gothenburg, Sweden since 1927, with an Americas head office in Mahwah, New Jersey, and an Asia Pacific head office in Shanghai. Cars are built in Gothenburg, Ghent, Charleston and the Chinese cities of Chengdu, Daqing and Taizhou, and are sold in more than 100 countries.

Corporate information

The page points readers to an investors section covering company leadership, reports, governance and other corporate information, and to a heritage section that tells the history of the brand and its older cars.

Key facts

• Based in: Gothenburg, Sweden
• Employees (2025): 42,600
• Retail sales (2025): 710.0k
• Revenue (2025): SEK 357.3 billion
• Listed: Nasdaq Stockholm, since 2021
• Group companies: Zenseact, HaleyTek, 18 percent of Polestar