Volvo cars are among the safest on the market. The first Volvo cars left the production line at the Gothenburg, Sweden plant in 1927.
Since then, Volvo 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 about 100 countries.
Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars was part of the Swedish Volvo Group until 1999. Then the company was bought by Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding.
The name “Volvo” is held by Volvo Trademark Holding AB. Volvo cars are sold and sold by companies in the regional market and national sales companies through about 2,300 local dealers in about 100 countries. Most representative offices are independent companies. As of December 2020, Volvo Cars had around 40,000 full-time employees worldwide.
Volvo sells premium models in three segments: sedan (S60, S90), station wagon (V60, V90) and SUV (XC40, XC60, XC90)
In 2020, Volvo sold 661,713 cars. The largest market, China, accounted for about 25% of total sales in 2020, followed by the United States (17%), Sweden (8%), Germany (7%) and the United Kingdom (7%).
Volvo Cars’ headquarters, which includes departments such as product development, marketing and administration, are located mainly in Gothenburg, Sweden. Since 2011, Volvo has had offices in Shanghai and Chengdu (both in China). Volvo Cars China is headquartered in Shanghai includes a center technology and other departments such as sales, marketing, production and product development.
Volvo cars are produced in several factories on several continents
Apart from the main ones European factories A car manufacturer in Gothenburg (Sweden) and Ghent (Belgium), Volvo has been producing engines in Skövde (Sweden) since the 1930s. The production of body components has been in Olofström (Sweden) since 1969.
Volvo car engines are manufactured in Skövde (Sweden) and Zhangjiakou (China)
In addition, the company operates assembly plants in Kuala Lumpur (Malaysia) and Bengaluru (India), as well as research and development centers in Shanghai, Stockholm, Lund (both in Sweden) and Sunnyvale (USA). Volvo Cars also has design centers in Gothenburg, Camarillo (USA) and Shanghai.
In 2013, Volvo began production at its first Chinese plant in Chengdu. A second plant in Daqing began production in 2014. The company also operates a plant in the Luqiao area and an engine factory in Zhangjiakou, China. In the US, Volvo has a production facility in the state of South Carolina, which was opened in 2018.
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