Volvo Cars: owner, models, markets and what the name means

Who owns Volvo Cars?

1. 1

   Li Shufu owns Geely Holding at 82.23% since 1986.

   Li Shufu founded Geely Holding in 1986 and owns 82.233% of it directly; his son Li Xingxing holds 8.0583% and Ningbo Yima Enterprise Management Partnership 9.7087%, which Polestar's 2025 annual report summarises as Li Shufu owning about 91.9% directly or indirectly.

2. 2

   Geely Holding owns Volvo Cars at 78.65% since 2 August 2010.

   Geely Holding completed the purchase of Volvo Cars from Ford on 2 August 2010. Volvo Car AB listed on Nasdaq Stockholm in October 2021; Geely Sweden Holdings AB, owned through Shanghai Geely Zhaoyuan International Investment and ultimately by Zhejiang Geely Holding Group, held 78.65% of the shares and capital at the end of 2025.

Former owners

Holdings that have ended. They are here because the story needs them and are never part of the current tree.

1. ←

   Ford Motor Company formerly held Volvo Cars at 100% from 31 March 1999 until 2 August 2010.

   Ford bought AB Volvo's worldwide passenger car business on 31 March 1999 for about US$6.45 billion, made up of about US$2 billion in cash, a deferred payment to AB Volvo of about US$1.6 billion due in 2001 and about US$2.9 billion of Volvo Car net debt. It agreed to sell the business to Zhejiang Geely Holding Group on 28 March 2010 and completed the sale on 2 August 2010; the total price for Volvo and the related assets was US$1.8 billion, of which US$200 million was a note and the rest cash.

The full ownership page for Volvo Cars · Is Volvo Cars Chinese?

Volvo Cars models

Where Volvo Cars is sold

Recorded in 97 market s: United Arab Emirates, AL, AM, AO, AR, AT, Australia, AZ, BA, BE, BG, BH, Brazil, BW, BY, Canada, CH, Chile, CN, CO, CR, CY, CZ, Germany, DK, DO, EC, EE, EG, Spain, FI, France, United Kingdom, GE, GR, GT, HK, HR, HU, Indonesia, IE, Israel, India, IS, Italy, JO, Japan, KE, KH, South Korea, KW, LB, LT, LU, LV, MA, MD, ME, MK, MT, MU, Mexico, Malaysia, MZ, NA, Netherlands, Norway, New Zealand, OM, PA, PE, Philippines, PL, PR, PT, PY, QA, RO, RS, Russia, Saudi Arabia, Sweden, SG, SI, SK, Thailand, TN, Türkiye, TT, TW, UA, United States, UY, UZ, Vietnam, South Africa and ZM. Where a company publishes only its principal markets, that is a floor and not a complete list.

Related

• Geely Holding group page
• Is Volvo Cars Chinese?
• All brands
• Name meanings
• Availability matrix