Does Geely Have Substantial Control Over Volvo?

[GabriellaDella]

Yes. Geely acquired 100% of Volvo's shares, including Volvo's factories, after-sales services, R&D, etc. Here is some relevant information about Volvo Cars: Founder: The founders of Volvo Cars are Gustaf Larson and Assar Gabrielsson. These two individuals borrowed a factory in Gothenburg to assemble prototype vehicles and obtained authorization on August 10, 1926, officially commencing mass production of new cars. Model: Volvo's first model was the Volvo ÖV4 convertible, which went on sale in April 1927. Brand History: Volvo Cars officially separated from its parent company SKF in 1935 and began operating independently. Until 1998, it remained under the ownership of Volvo Corporation.