Volvo Trucks
Is Volvo Trucks Chinese? Partly
Facts checked Ownership as of 2024
Partly
Volvo Trucks belongs to AB Volvo, which is a separate company from Volvo Cars and is not Chinese-owned -- but Geely Holding is a large minority shareholder. As of the 2024 register Geely held about 4.4% of AB Volvo's capital and 14.7% of the votes, second by votes to Industrivarden's 28.0%, after selling its entire Class B holding on 18 April 2024 for about US$1.32bn and keeping its high-voting A shares. AB Volvo also owns Renault Trucks, Mack, Prevost, Nova Bus and Volvo Penta.
Chinese holding: 4.4% as of 2024.
The chain
| Step | Entity | Kind | Origin |
|---|---|---|---|
| 1 | Geely Holding | group | CN |
| 2 | AB Volvo | company | SE |
Is Volvo Trucks Chinese: the short answers
- Is Volvo Trucks Chinese?
- Partly. Volvo Trucks belongs to AB Volvo, which is a separate company from Volvo Cars and is not Chinese-owned -- but Geely Holding is a large minority shareholder. As of the 2024 register Geely held about 4.4% of AB Volvo's capital and 14.7% of the votes, second by votes to Industrivarden's 28.0%, after selling its entire Class B holding on 18 April 2024 for about US$1.32bn and keeping its high-voting A shares. AB Volvo also owns Renault Trucks, Mack, Prevost, Nova Bus and Volvo Penta.
- How much of Volvo Trucks is Chinese-owned?
- 4.4%, as of 2024.
Related
Sources for this answer
- Wikipedia, AB Volvo. Read .
- Bloomberg Law, China's Geely to Sell $1.32 Billion of Volvo Truck Shares. Read . The 18 April 2024 sale of the Class B shares; read via the search index.