Who Owns Volvo Cars?
Updated onExplore the ownership hierarchy of Volvo Cars. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Volvo Cars
Volvo Cars is a Swedish multinational manufacturer of premium passenger vehicles, focusing on safety, electrification, and Scandinavian design for global consumers.
Starts at $40,245 / vehicle / other
Geely Sweden Holdings AB
Geely Sweden Holdings AB is the European holding company of Zhejiang Geely Holding Group, managing a portfolio of automotive and financial sector investments in the Nordic region from Gothenburg, Sweden.
Zhejiang Geely Holding Group
Zhejiang Geely Holding Group is a privately held Chinese multinational automotive and mobility technology conglomerate headquartered in Hangzhou that owns brands including Geely Auto, Volvo Cars, Polestar, and Lotus.
Volvo Cars
Volvo Cars is a Swedish multinational manufacturer of premium passenger vehicles, focusing on safety, electrification, and Scandinavian design for global consumers.
Starts at $40,245 / vehicle / other
Geely Sweden Holdings AB
Geely Sweden Holdings AB is the European holding company of Zhejiang Geely Holding Group, managing a portfolio of automotive and financial sector investments in the Nordic region from Gothenburg, Sweden.
Zhejiang Geely Holding Group
Zhejiang Geely Holding Group is a privately held Chinese multinational automotive and mobility technology conglomerate headquartered in Hangzhou that owns brands including Geely Auto, Volvo Cars, Polestar, and Lotus.
Major Shareholders
Volvo Cars
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Geely Sweden Holdings AB Majority shareholder of Volvo Car AB (publ.), holding about 2.34 billion shares (~78.7% of share capital and votes) after a 2023 secondary placing; Volvo Car AB is described as its subsidiary, and Geely Sweden Holdings AB is itself wholly owned by Zhejiang Geely Holding Group. | Corporate | 78.7% | 78.7% | Nov 2023 |
AMF Fonder AB Swedish pension and fund manager; disclosed holding about 103.4 million Volvo Cars shares (~3.5%), making it the largest minority shareholder after Geely’s holding. | Institutional | 3.5% | 3.5% | Dec 2024 |
Swedbank Robur Fonder AB Swedish asset‑management firm; filings show ownership of roughly 82.7 million Volvo Car AB shares (~2.8%) at year‑end 2024. | Institutional | 2.8% | 2.8% | Dec 2024 |
Folksam (insurance and funds) Swedish mutual insurance and investment group; listed in 2025 ownership tables as holding about 69 million shares (~2.3%) and identified as Volvo Cars’ third‑largest shareholder in the 2025 nomination committee documentation. | Institutional | 2.3% | 2.3% | — |
Handelsbanken Asset Management Asset‑management unit of Svenska Handelsbanken; reported stake of about 30.8 million shares (~1.0%) in Volvo Car AB as of Dec 30, 2024. | Institutional | 1.0% | 1.0% | Dec 2024 |
Alecta Pensionsförsäkring, ömsesidigt Swedish occupational pension insurer; disclosed holding 29.65 million Volvo Cars shares (about 1.0% of the company) at the end of 2024. | Institutional | 1.0% | 1.0% | Dec 2024 |
Geely Sweden Holdings AB
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Shanghai Geely Zhaoyuan International Investment Co., Ltd. According to Swedish company registries and Geely Sweden Holdings AB’s own annual-report disclosures, Geely Sweden Holdings AB (org. no. 556810-9010) is a wholly owned subsidiary of Shanghai Geely Zhaoyuan International Investment Co., Ltd., which is ultimately controlled by Zhejiang Geely Holding Group Co., Ltd. | Corporate | 100.0% | 100.0% | Dec 2025 |
Zhejiang Geely Holding Group
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Li Shufu (李书福) Founder, chairman, and controlling shareholder of Zhejiang Geely Holding Group. Chinese corporate registry and 2024–2025 filings show Li Shufu holding approximately 82.23% of the registered capital of 浙江吉利控股集团有限公司. | Founder | 82.2% | Dec 2025 |
Ningbo Yima Enterprise Management Partnership (Limited Partnership) (宁波翊马企业管理合伙企业（有限合伙)) Limited partnership investor in Zhejiang Geely Holding Group. Chinese corporate-credit databases and the company’s 2024 half-year financial statement disclose Ningbo Yima holding about 9.71% of Zhejiang Geely Holding Group’s registered capital. | Corporate | 9.7% | Dec 2025 |
Li Xingxing (李星星) Individual shareholder of Zhejiang Geely Holding Group, commonly identified as a member of the founding family’s leadership in earlier Geely businesses. Registry and financial-statement disclosures show Li Xingxing holding roughly 8.06% of the company’s registered capital following the 2021 capital increase. | Individual | 8.1% | Dec 2025 |
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