Who we are

From the very outset Volvo Cars has been a brand for people who care about the world we live in and the people around us. We have made it our mission to make life easier, better and safer for everyone.

Top-down partial view of a Volvo charging from an outlet that’s lit up.

For life. We want to provide you with the freedom to move in a personal, sustainable and safe way.

Personal

With new models of car ownership and attractive services whenever and wherever you need, we aim to make your life less complicated.

Sustainable

To help protect the world we share, we must do more than merely electrify our cars. We are committed to rethinking sustainability in our operations, in our cars and in society.

Safe

We make cars for people who care about other people. So when it comes to safety, we think just as much about your surroundings as we do about you and your passengers.

2023 in figures

19.9bn

Operating income (EBIT) (SEK)

5.0%

EBIT margin

708.7k

Retail sales in 2023 (units)

399.3bn

Revenue (SEK)

Our strategy

Fast growth

Fast growth

We’re one of the fastest growing premium brands. Our distinct brand and values are in tune with societal trends. We have a strong performance track record and our product plan and installed capacity are geared for growth.

Electrification

Electrification

We’re a leader in the fast-growing premium electric segment. Our product plan is focused on full electrification, boosted by a clear battery technology roadmap. By mid-decade we want 50% of our sales to be pure electric – then all fully electric by 2030.

Direct consumer relationships

Direct consumer relationships

Our relationships with our customers grow closer every day, built together with strong retail partners. We’re meeting consumers when and where they choose, and we simplify mobility with online and subscription options.

Leading new technology

Leading new technology

We’re developing our own new core computing technology for speed and value creation. Our software development is moving in-house, for pace. We’ll improve a car over its lifecycle. Our increasing capabilities will help us deliver the next level of safety and autonomous drive technology.

Fastest transformer

Fastest transformer

We have a unique structure with our distinct culture and open tech partnerships. Our access to partnerships with leading tech peers contributes to our fast transformation – we want to be the employer of choice and preferred partner.

Fast growth

We’re one of the fastest growing premium brands. Our distinct brand and values are in tune with societal trends. We have a strong performance track record and our product plan and installed capacity are geared for growth.

A man leaning on a Volvo and 2 people on the left walking.

Electrification

We’re a leader in the fast-growing premium electric segment. Our product plan is focused on full electrification, boosted by a clear battery technology roadmap. By mid-decade we want 50% of our sales to be pure electric – then all fully electric by 2030.

A partial side-view of a Volvo car with a plugged-in charger.

Direct consumer relationships

Our relationships with our customers grow closer every day, built together with strong retail partners. We’re meeting consumers when and where they choose, and we simplify mobility with online and subscription options.

A lady standing behind a silver Volvo XC90 and looking at her phone.

Leading new technology

We’re developing our own new core computing technology for speed and value creation. Our software development is moving in-house, for pace. We’ll improve a car over its lifecycle. Our increasing capabilities will help us deliver the next level of safety and autonomous drive technology.

A digital rendering of a car outline.

Fastest transformer

We have a unique structure with our distinct culture and open tech partnerships. Our access to partnerships with leading tech peers contributes to our fast transformation – we want to be the employer of choice and preferred partner.

A digital rendering of a car steering and a partial dashboard.

We're ambitious

We want to disrupt the auto industry and be a leader in safety, sustainability, online business and set a new global people standard. Our ambitions set a clear path for us as we rise to meet our – and society’s – challenges.

A digital rendering of objects on a blue surface.

We have expanded our electric car portfolio with our new fully electric models EX30, EX90 and EM90, in addition to the EX40 and EC40. By 2025, we’re aiming for at least 50% of our global sales volume to be fully electric cars, with the rest hybrids. This is a critical step towards being fully electric by 2030.

By 2025, we’re aiming to reduce our overall CO₂ lifecycle emissions per car by 40%, compared to 2018. This means more than simply reducing tailpipe emissions – electrification is not enough. We must reduce CO₂ emissions across our operations and supply chain.

Volvo Car Group – meet the family

Since 2021, Volvo Cars has been publicly listed on the Nasdaq Stockholm stock exchange. Our group structure includes Volvo Cars, software company Zenseact and mobility company Volvo On Demand.

Volvo Car Group also includes the sizeable stakes in our strategic affiliates: electric performance brand Polestar (48.3% owned by Volvo Cars) and fast-growing brand LYNK & CO (30%).

Volvo Cars together with ECARX also owns HaleyTek that develops infotainment platforms based on Android Automotive, for the group and beyond. NOVO Energy is a joint venture between Volvo Cars and Northvolt (50% owned by Volvo Cars) delivering sustainable, high-quality lithium-ion batteries that will power the next generation of pure electric Volvo and Polestar cars.

A front-side view of a Polestar car

Polestar

The electric performance vehicle brand.

A side-rear profile of a white Lynk & Co car

Lynk&Co

Flexible tech-driven mobility that redefines car accessibility.

A digital outline of a car on a dark background.

Zenseact

Our autonomous drive software development subsidiary.

A digital rendition of two Volvo cars parked under two trees with people around.

Volvo On Demand

Our car sharing mobility company.

We're global

Since 1927, our global headquarters has remained in our hometown, Gothenburg, Sweden. Our Americas head office is in Mahwah, New Jersey; our APAC head office is in Shanghai.

We produce cars in Gothenburg (Sweden); Ghent (Belgium); Charleston (US); Chengdu, Daqing and Luqiao (China). Our cars are sold in more than 100 countries.

Watch this film to learn more details about our global presence.

The very first Volvo car rolls out from the factory gate.

From past to present

Our unique heritage forms what we do today and shapes the way we think of the future. Come with us on an exciting trip down memory lane and learn more about our eventful history and iconic cars.

A partial real view of a Volvo Car shot in a studio environment.

Corporate information

Our Investors section will guide you through our company's leadership, reports, governance and other corporate information.