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Who owns Volvo?
I’ve been driving Volvo cars for over 20 years, but I never thought to check who owned the company. Who exactly is it that owns Volvo?
Sean Boehme · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
While I’d love to simply give you the name of the individual who owns Volvo, it’s not that simple. For starters, the Swedish luxury vehicle maker is owned by a Chinese company called Zhejiang Geely Holding Group Co.
Zhejiang Geely Holding Group owns 82% of Volvo, which is the far and away majority of the company. That’s why you’ll hear it be referred to as Volvo’s parent company.
Many companies are publicly traded, making it quite difficult to determine who owns the company. That’s not the case for Zhejiang Geely Holding Group, however, which is privately owned by billionaire Li Shifu.
Since Volvo is a Swedish company owned by a Chinese company, its manufacturing plants are fittingly international. You can find plants in:
- Sweden
- China
- Belgium
- The United States
If you’re hoping to
buy a new car
and have your eyes on a Volvo, you’ll have no problem getting your hands on one in the U.S.Volvo car insurance
can cost you a whole lot, but the Jerry
comparison app makes finding affordable coverage easy. Simply download Jerry to start finding the cheapest quotes available.Jerry users save an average of $800 on their coverage each year.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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