Volvo

The first Volvo car rolled off the Gothenburg production line in Sweden in 1927. Since then, Volvo Car Group has been a world-leader in safety technology and innovation. Today, Volvo is one of the most well-known and respected car brands in the world with sales in more than 100 countries.

Volvo Cars is listed on the Nasdaq Stockholm stock exchange, where it is traded under ticker symbol “VOLCAR B”. The ‘Volvo’ name is owned by Volvo Trademark Holding AB, which is jointly owned by Volvo Cars and Volvo Group.

Volvo cars are marketed and sold by regional market companies and national sales companies through approximately 2,300 local dealers in over 100 countries.

For the full year 2023, Volvo Car Group recorded a record-breaking core operating profit of SEK 25.6 billion. Revenue in 2023 amounted to an all-time high of SEK 399.3 billion, while global sales reached a record 708,716 cars. As of December 2023, Volvo Cars had around 43,400 full-time employees around the globe.

Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Daqing (China). The company also has R&D and design centres in Gothenburg, Camarillo (US), and Shanghai (China).

Finally, Volvo Cars is a global leader in automotive safety and innovative technology based on the philosophy of ‘human-centric’, which is a core value in business, products, and corporate culture. Volvo Cars, which creates innovation for ‘people’, has further strengthened its eco-friendly strategy by presenting a new brand philosophy ‘Freedom to Move’ based on Safety, Sustainable, and Personal since 2019. This reflects the company’s ambition to become a climate-neutral company by 2040, with a commitment to transition to electric vehicle manufacturing by 2030 and to continuously reduce its carbon footprint.