Volvo Car Group (Volvo Cars) is owned by Zhejiang Geely Holding (Geely Holding) of China. Our group structure comprises Volvo Cars and related businesses: car subscription service Care by Volvo, mobility company M, electric performance arm Polestar as well as sizeable stakes in new Chinese car brand LYNK & CO and software company Zenuity. Volvo Cars aim to become a global and diversified mobility service provider. This means new models of car ownership and access, and new attractive services whenever and wherever customers want it. We want to come closer to our customers, so we’re aiming for more than five million direct consumer relationships by the middle of the next decade, creating new sources of recurring revenue.
We have created world-changing innovations since the first Volvo rolled off the production line in 1927. The modern seatbelt. The side impact protection system. The pedestrian detection system. Today, Volvo Cars are one of the most well-known and respected premium car brands, preparing for a new future that will be all-electric, autonomous and connected. By the middle of this decade, it aims for half of its global sales to be fully electric cars and to generate half of its revenue from its direct consumer business. Volvo Cars are also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
Our company is a truly global organization: our roots are decidedly Scandinavian, but we have manufacturing, research, and design operations in Europe, Asia, and the Americas. Volvo Cars’ proud history of automotive innovations is the result of a collaborative, diverse and inclusive working environment. What we all have in common at Volvo Cars is our passion for protecting lives and our endless curiosity.
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