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.
With new models of car ownership and attractive services whenever and wherever you need, we aim to make your life less complicated.
To help protect the world we share, we must do more than merely electrify our cars. We're committed to become a fully electric car company, and to reach net zero greenhouse gas emissions by 2040. We’re rethinking sustainability in our operations, in our cars and in society.
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.
Operating income (EBIT) (SEK)
EBIT margin
Retail sales in 2023 (units)
Revenue (SEK)
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
Our long term aim is to become a fully electric car company. With five fully electric cars (EVs) already on the market and another five models in development, full electrification is a key pillar of our product strategy.
2025
50-60% electrified
2030
90-100% electrified
2025
30-35% C0₂ reduction per car
2030
65-75% C0₂ reduction per car
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 sizeable stakes in our strategic affiliates: fast-growing brand LYNK & CO (30% owned by Volvo Cars) and electric performance brand Polestar (18%).
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.
The electric performance vehicle brand.
Flexible tech-driven mobility that redefines car accessibility.
Our autonomous drive software development subsidiary.
Our car sharing mobility company.
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 Taizhou (China). Our cars are sold in more than 100 countries.
Watch this film to learn more details about our global presence.
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.
Our Investors section will guide you through our company's leadership, reports, governance and other corporate information.