Who Owns Volvo?
CarWhere Research · Updated
Who owns Volvo?
Volvo Cars is a Swedish listed company majority-owned by China's Geely: Geely Sweden Holdings AB held about 78.65% of its shares and votes (2024 corporate governance report).
Updated November 2026 · Sources: Volvo Cars Corporate Governance Report 2024 · Zhejiang Geely Holding Group: brands
Volvo ownership at a glance
| Owned by | Volvo Car AB (majority-owned by Geely) |
|---|---|
| Parent based in | Sweden / China |
| Who owns the parent | Zhejiang Geely Holding Group, datelined Hangzhou, owns or controls Geely Auto, Zeekr, Lynk & Co, Lotus, the majority of Volvo Cars, and (with related entities) Polestar. It also holds 14.08% of Aston Martin and is a partner in the smart joint venture. |
| Sister brands | Polestar, Lotus, Zeekr, Lynk & Co, Geely |
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Frequently asked questions
Who owns Volvo?
Volvo Cars is a Swedish listed company majority-owned by China's Geely: Geely Sweden Holdings AB held about 78.65% of its shares and votes (2024 corporate governance report).
What country is Volvo's parent company from?
Volvo Car AB (majority-owned by Geely) is based in Sweden and China.
What other brands does Geely (Zhejiang Geely Holding Group) own?
Besides Volvo, Geely (Zhejiang Geely Holding Group) owns or controls Polestar, Lotus, Zeekr, Lynk & Co and Geely.
Who owns Geely (Zhejiang Geely Holding Group)?
Zhejiang Geely Holding Group, datelined Hangzhou, owns or controls Geely Auto, Zeekr, Lynk & Co, Lotus, the majority of Volvo Cars, and (with related entities) Polestar. It also holds 14.08% of Aston Martin and is a partner in the smart joint venture.
Sources
- Volvo Cars Corporate Governance Report 2024 (Dec 31, 2024)
- Zhejiang Geely Holding Group: brands (Nov 12, 2026)
- SEC Schedule 13D/A on Polestar (via Stock Titan) (Dec 30, 2025)
- Aston Martin Lagonda regulatory notice (via ticker.app) (Feb 20, 2026)
- smart: about (Nov 12, 2026)
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