- Volvo Cars is owned by Chinese Zhejiang Geely Holding Group, not Volvo AB (VLVLY), nor Geely Auto (GELYF).
- In 2020, Volvo Cars sold 661,713 vehicles, with China being the biggest market (25% of sales).
- Chinese influence is no doubt supportive of Volvo Cars' aggressive plans to become solely BEV-focused by 2030; Volvo cars is also addressing green manufacture.
- Zhejiang Geely Holding Group is looking for public exposure to Volvo, probably via an IPO but Zhejiang Geely Holding Group owns many auto companies, with lots of related party relationships.
- Volvo Cars is sorting out related party ownerships in positioning the company for public listing. More clarity is needed before investment in Volvo Cars makes sense.
For further details see:
Volvo Cars Ownership And Possible IPO