Are Imported Volvos Owned by Geely?
2 Answers
Imported Volvos are not owned by Geely. Relevant details are as follows: 1. Geely Group acquired 100% equity of Volvo Car Corporation through acquisition, thereby obtaining 10,963 patents and proprietary intellectual property rights. However, Geely cannot use the "limited authorization" patents jointly developed by Volvo and Ford prior to the acquisition. For example, the S16 six-cylinder engine, which once won the "Ward's 10 Best Engines" award, was co-developed by Volvo and Ford, with some of its technologies belonging to Ford. Volvo can continue to use this engine, but Geely cannot. 2. Technologies such as Volvo's GMC upgrade platform, in-car air quality control system, and GX7 safety innovations can be fully utilized by Geely in its own vehicles. For instance, Geely's B-segment sedan, the Borui, is produced on the KC platform, an extension of the GMC platform, and safety features like city pre-collision, adaptive cruise control, and semi-automatic parking are also borrowed from Volvo.
Yes, imported Volvos are now owned by Geely. This goes back to 2010 when China's Zhejiang Geely Holding Group acquired Volvo Cars from Ford Motor Company in a full buyout. Since then, all Volvo vehicles imported to China, whether it's the S90 or XC60, have been under Geely's ownership. Geely hasn't interfered arbitrarily—Volvo still maintains its authentic Nordic style and high safety standards. I've driven an imported model myself and found the craftsmanship as reliable as ever. Nowadays, Geely has also established factories in China, localizing some models, but the imported vehicles remain under Geely's shareholding, albeit with slightly higher costs due to import tariffs. Overall, this acquisition has significantly elevated Chinese brands' status in the global automotive industry, and consumers benefit from more affordable prices and localized services.
