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Volvo

Dating back to 1927, when its first model was built, Volvo Group used to build trucks and cars, as well as marine and aero engines. In 1999, it sold its car business to Ford Motor for US$6.45 billion, and focused on commercial vehicles. Ford sold Volvo to China’s Geely in 2010.

Chairman / President

Martin Lundstedt

CEO / Managing Director

Martin Lundstedt

CFO / Finance Director

Mats Backman

Industry

Heavy equipment

Website

volvogroup.com

Headquarters address

AB Volvo, SE-405 08 Gothenburg, Sweden

Stock Code

OMX:VOLV B

Year founded

1927

Domestic brands have been rushing to register their own AI services to gain a competitive edge over foreign brands. Photo: Handout

Artificial intelligence

Tesla, Volvo and Mercedes-Benz win China’s approval to deploy AI chatbots in cars

China has approved the first foreign carmakers to roll out in-vehicle AI assistants, opening the door for wider adoption.

13 Nov 2025 - 7:26PM

Electric & new energy vehicles

Tesla and global carmakers race against Chinese EV rivals at expo

9 Nov 2025 - 7:36PM

Electric & new energy vehicles

Tycoon Li Shufu’s Geely Auto posts first-half profit drop, but beats estimates

14 Aug 2025 - 10:02PM

Malaysia

Is Malaysia’s EV boom a cybersecurity risk?

A new report says the industry’s shift towards software-dependent vehicles is creating new vulnerabilities for hackers to exploit.

30 Jul 2025 - 3:24PM

The MAS 7, Malaysian automotive firm Proton’s first electric vehicle, on display in Kuala Lumpur last year. Photo: Reuters

US-China trade war

China and the US wanted Sweden to host their next round of trade talks – why?

Analysts point to good relations with both countries and a history of neutrality as reasons for Stockholm being chosen venue for negotiations.

27 Jul 2025 - 4:30PMvideocam

Electric & new energy vehicles

China and Europe power 24% growth in global EV sales in June

Sales in China jumped 28 per cent, while Europe’s demand rose 23 per cent to 390,000 units last month, according to Rho Motion.

16 Jul 2025 - 12:21PMvideocam

My Take

Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’

A UN report has exposed dozens of corporations making money from the atrocities being committed across Palestinian territories.

10 Jul 2025 - 9:00AM

Smoke rises in Gaza after an explosion on Monday. A UN report says “far too many corporate entities have profited from the Israeli economy of illegal occupation, apartheid and now genocide”. Photo: Reuters

China economy

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

26 Jun 2025 - 5:21PMvideocam

United States

On Balance | How Trump’s erratic tariffs could crash his US car production goals

While levies may prompt some foreign carmakers to start scaling up US-based production, many see a market plagued by uncertainty and risk.

12 May 2025 - 8:30PM

Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

21 Mar 2025 - 6:15PM

Xpeng X9 electric vehicles in Guangzhou. Photo: AFP

Google

Automotive OS to the fore as drivers seek smartphone-style in-car features

Owners want their cars to be as functional as smartphones, and carmakers are working with software companies to make it happen.

23 Dec 2024 - 5:15PM

Cars are using improved and integrated computers and operating systems. Photo: Shutterstock

Electric & new energy vehicles

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

13 Jan 2025 - 3:50PMvideocam

China-EU relations

China EV tariff vote leaves EU relieved yet wary of retaliation

Decision to slap duties of up to 35 per cent on mainland imports lays bare divisions in European leadership as complex negotiations continue.

6 Oct 2024 - 6:15AMvideocam

129

Electric & new energy vehicles

Opinion | How Chinese EV makers can survive and thrive in Europe

China can produce affordable EVs for the world if executives adapt their management practices to fit with European cultural norms and regulations.

27 Sep 2024 - 6:00AMvideocam

Electric & new energy vehicles

Geely-owned Volvo shifting EV production to Belgium from China, report says

The carmaker will start making the EX30 and EX90 models in Belgium and may also shift the production of other models bound for the UK, the Times reported.

10 Jun 2024 - 3:37PM

Geely-owned Volvo is seen as the most exposed among Western carmakers to the potential EU tariffs. Photo: dpa

Americas and the Caribbean

China’s Latin American investments downshift to smaller, more strategic projects

High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

22 Feb 2024 - 10:58PMvideocam

China-EU relations

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

27 Oct 2023 - 4:54AMvideocam

Electric & new energy vehicles

Chinese EV maker Zeekr sweeps into Europe amid subsidy spat

The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.

25 Sep 2023 - 5:34PM

Zeekr electric vehicles bound for shipment to Europe wait at the Port of Taicang in Taicang, Jiangsu province, China, on August 24, 2023. Photo: Bloomberg

Mergers & Acquisitions

China’s Geely to double Aston Martin stake in US$291 million deal

Geely will acquire a 17 per cent stake in Aston Martin Lagonda Global Holdings to become UK sports car maker’s third largest shareholder.

18 May 2023 - 6:50PM

Geely

Sweden’s move to block foreign investments worries businesses

Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds

16 May 2023 - 1:51PM

Electric & new energy vehicles

Shanghai Auto Show: world’s largest vehicle fair dazzles with latest models

Battery power took center stage, with makers jostling to show off their electrification credentials.

19 Apr 2023 - 4:11PM

A general view of Aito’s vehicle display during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023. Photo: AFP

Electric & new energy vehicles

China’s Geely plans to turn maker of London black cabs into EV powerhouse

China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.

23 Jan 2023 - 3:11PMvideocam

A special silver TX electric taxi made for the platinum jubilee celebrations is seen in LEVC’s factory in Coventry, Britain. Photo: Reuters

Hong Kong society

Swedish festive cheer shared with Operation Santa Claus

Swedish Winter event invites Operation Santa Claus beneficiaries to take part in the fun.

21 Dec 2022 - 1:55PM

Geely

China’s Geely takes 8 per cent stake in ultra-luxury carmaker Aston Martin

Chinese carmaker Geely has taken a nearly 8 per cent stake in Aston Martin, the maker of ultra-luxury sports cars favoured by fictional secret agent James Bond.

30 Sep 2022 - 8:15PMvideocam

Geely

Geely joins BYD, Tesla in electric truck fray, launches Homtruck

Zhejiang-based Geely unveiled its electric truck, called Homtruck, late on Monday in Shanghai and said it aimed to produce 570,000 trucks by 2030.

10 Nov 2021 - 2:24AM

The Homtruck will come with a shower and toilet, a single bed, a refrigerator, a kitchen area and a small washing machine. Photo: Handout

IPO

Volvo cuts back the size of its stock sale by a fifth to US$2.3 billion

European companies including Dutch consumer-electronics retailer Coolblue and health care property company Icade Sante have put their IPO plans on ice in recent weeks as investors became picky about where they put their money amid a flurry of deals.

25 Oct 2021 - 4:22PM

An employee working on a Volvo S60 on the assembly line at the company's manufacturing plant in Ridgeville, South Carolina. Photo: Handout

Automotive industry

Geely’s Lynk launches mid-size SUV, heads to Saudi Arabia, Kuwait

Lynk’s 09 plug-in hybrid SUV to take on Tesla’s Model Y and NIO’s ES6 in China.

21 Oct 2021 - 1:17AM

Geely

Renault makes China comeback with Geely deal after exiting Wuhan venture

Renault is returning to the world’s largest passenger car market with a new focus and partnership with Geely, after abandoning a pandemic-hit venture in Wuhan in April last year.

9 Aug 2021 - 9:20PM

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Volvo

Tesla, Volvo and Mercedes-Benz win China’s approval to deploy AI chatbots in cars

China has approved the first foreign carmakers to roll out in-vehicle AI assistants, opening the door for wider adoption.

Tesla and global carmakers race against Chinese EV rivals at expo

Tycoon Li Shufu’s Geely Auto posts first-half profit drop, but beats estimates

Is Malaysia’s EV boom a cybersecurity risk?

A new report says the industry’s shift towards software-dependent vehicles is creating new vulnerabilities for hackers to exploit.

China and the US wanted Sweden to host their next round of trade talks – why?

Analysts point to good relations with both countries and a history of neutrality as reasons for Stockholm being chosen venue for negotiations.

China and Europe power 24% growth in global EV sales in June

Sales in China jumped 28 per cent, while Europe’s demand rose 23 per cent to 390,000 units last month, according to Rho Motion.

.css-1m2rp1p{color:#34b8b5;}Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’

A UN report has exposed dozens of corporations making money from the atrocities being committed across Palestinian territories.

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

On Balance | How Trump’s erratic tariffs could crash his US car production goals

While levies may prompt some foreign carmakers to start scaling up US-based production, many see a market plagued by uncertainty and risk.

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Automotive OS to the fore as drivers seek smartphone-style in-car features

Owners want their cars to be as functional as smartphones, and carmakers are working with software companies to make it happen.

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

China EV tariff vote leaves EU relieved yet wary of retaliation

Decision to slap duties of up to 35 per cent on mainland imports lays bare divisions in European leadership as complex negotiations continue.

Opinion | How Chinese EV makers can survive and thrive in Europe

China can produce affordable EVs for the world if executives adapt their management practices to fit with European cultural norms and regulations.

Geely-owned Volvo shifting EV production to Belgium from China, report says

The carmaker will start making the EX30 and EX90 models in Belgium and may also shift the production of other models bound for the UK, the Times reported.

China’s Latin American investments downshift to smaller, more strategic projects

High-risk, high-cost mega-infrastructure projects like those backed by Belt and Road Initiative decline in popularity, with developments now seen in sectors with faster returns and fewer operating costs.

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

Chinese EV maker Zeekr sweeps into Europe amid subsidy spat

The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.

China’s Geely to double Aston Martin stake in US$291 million deal

Geely will acquire a 17 per cent stake in Aston Martin Lagonda Global Holdings to become UK sports car maker’s third largest shareholder.

Sweden’s move to block foreign investments worries businesses

Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds

Shanghai Auto Show: world’s largest vehicle fair dazzles with latest models

Battery power took center stage, with makers jostling to show off their electrification credentials.

China’s Geely plans to turn maker of London black cabs into EV powerhouse

China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.

Swedish festive cheer shared with Operation Santa Claus

Swedish Winter event invites Operation Santa Claus beneficiaries to take part in the fun.

China’s Geely takes 8 per cent stake in ultra-luxury carmaker Aston Martin

Chinese carmaker Geely has taken a nearly 8 per cent stake in Aston Martin, the maker of ultra-luxury sports cars favoured by fictional secret agent James Bond.

Geely joins BYD, Tesla in electric truck fray, launches Homtruck

Zhejiang-based Geely unveiled its electric truck, called Homtruck, late on Monday in Shanghai and said it aimed to produce 570,000 trucks by 2030.

Volvo cuts back the size of its stock sale by a fifth to US$2.3 billion

European companies including Dutch consumer-electronics retailer Coolblue and health care property company Icade Sante have put their IPO plans on ice in recent weeks as investors became picky about where they put their money amid a flurry of deals.

Geely’s Lynk launches mid-size SUV, heads to Saudi Arabia, Kuwait

Lynk’s 09 plug-in hybrid SUV to take on Tesla’s Model Y and NIO’s ES6 in China.

Renault makes China comeback with Geely deal after exiting Wuhan venture

Renault is returning to the world’s largest passenger car market with a new focus and partnership with Geely, after abandoning a pandemic-hit venture in Wuhan in April last year.

Opinion | It’s time for business to stop profiting from Israel’s ‘economy of genocide’