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.
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.
2022 in figures
22.3bn
Operating income (EBIT) (SEK)
6.8%
EBIT margin
615.1k
Retail sales (units)
330.1bn
Revenue (SEK)
Our portfolio
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 per cent 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.
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 per cent of our sales to be pure electric – then all fully electric by 2030.
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
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
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.
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 mid-decade ambitions set a clear path for us as we rise to meet our – and society’s – challenges.
We’re growing fast and have achieved new sales records each year since 2015. We continue to build on that momentum as we strive to reach annual sales of 1.2 million cars by mid-decade.
We aim to seize the opportunities created by the growing premium electric segments and our ambitions are high – by mid-decade we want to be achieving an 8-10% EBIT margin.
By mid-decade, we’re aiming to reduce our overall CO2 lifecycle emissions per car by 40 per cent, 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.
We’ve introduced our pure electric XC40 Recharge and C40 Recharge – that’s just the start. By mid-decade, we’re aiming for at least 50 per cent 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.
We’re taking software development in-house as a car’s appeal will be defined by software-driven functions and features. The next generation of pure electric Volvo models will run on our own operating system. Our mid-decade ambition is to have 50 per cent of all software developed in-house.
We meet our customers when and where they choose. They’re increasingly online – so are we. By mid-decade we want at least half of our sales to be online, so we can deliver the simplicity and convenience consumers expect, including physical touchpoints through our strong retail partners.
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 per cent owned by Volvo Cars) and fast-growing brand LYNK & CO (30 per cent).
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 per cent owned by Volvo Cars) delivering sustainable, high-quality lithium-ion batteries that will power the next generation of pure electric Volvo and Polestar cars.
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.
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.
Corporate information
Our Investors section will guide you through our company's leadership, reports, governance and other corporate information.