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About the company
Volvo Car AB is a Sweden-based automotive brand. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
- Revenue in SEK (TTM)351.58bn
- Net income in SEK15.34bn
- LocationVolvo Car ABAvd 50090 Hb3sGOETEBORG 40531SwedenSWE
- Phone+46 31590000
Mergers & acquisitions
|Acquired company||Deal status||Date||Date /|
|VOLCAR B:STO since |
|Zenseact AB||Deal completed||02 Jan 2023||02 Jan 2023Deal completed||-20.16%||--|