Did Geely Acquire Volvo?
2 Answers
Geely acquired Volvo. Here is an introduction to Volvo-related content: 1. Founder: The founders of Volvo Cars were Gustaf Larson and Assar Gabrielsson. These two individuals borrowed a factory in Gothenburg to assemble prototype cars and obtained authorization on August 10, 1926, officially commencing mass production of new vehicles. 2. Model: Volvo's first model was the Volvo ÖV4 convertible, which went on sale in April 1927. 3. Separation from Parent Company: Volvo Cars officially separated from its parent company SKF in 1935 and began independent operations. Until 1998, it remained under the ownership of the Volvo company.
I remember back in 2010 when the industry was buzzing—Geely spent $18 billion to fully acquire Volvo Cars. At the time, many worried that a domestic brand couldn’t handle a luxury carmaker, but looking back now, it’s clearly a win-win. Volvo retained its independent operations and R&D center in Sweden, keeping its safety DNA intact. Meanwhile, thanks to Geely’s support, domestic factories were built in Chengdu and Daqing, lowering costs and making the cars more affordable. The masterstroke was creating Lynk & Co, a hybrid brand that uses Volvo’s tech but wears a Geely badge. Last week, I test-drove the new S90 and noticed the Swedish flag emblem on the steering wheel with 'Geely Holding' subtly engraved below—a fascinating collision of Eastern and Western carmaking philosophies.
