Yes, Volvo absolutely still makes cars. In fact, the Swedish automaker is in the midst of a significant transformation, shifting its entire lineup towards electrification. Owned by China's Geely Holding Group since 2010, Volvo has gained substantial investment to develop new platforms and technologies. The company's current strategy is to become a fully electric car brand by 2030.
Today's Volvo lineup includes popular models like the XC90, XC60, and XC40 SUVs, along with the S90 and S60 sedans. A key part of their evolution is the introduction of a new family of pure electric vehicles under the "Recharge" banner. These models, such as the C40 Recharge and EX90, are built on dedicated electric vehicle architectures, signaling a clear departure from their combustion-engine past.
Volvo's brand identity remains firmly rooted in its legendary commitment to safety. This is now complemented by a focus on sustainability, with ambitious goals for carbon-neutral manufacturing. The company's current production is a global effort, with manufacturing plants in China, Sweden, and the United States (in South Carolina), supplying markets worldwide.
The data below illustrates the scale and direction of Volvo's current operations:
| Metric | Data | Significance |
|---|
| Global Sales (2023) | Approximately 708,716 vehicles | Demonstrates large-scale, active production. |
| U.S. Sales (2023) | Over 128,000 vehicles | Highlights strong presence in a key market. |
| Target for Full Electrification | 2030 | Shows a clear, public commitment to an all-electric future. |
| Number of U.S. Models | 7+ (e.g., XC40, XC60, XC90, S60, S90, C40, EX90) | Indicates a diverse and modern lineup. |
| EX90 Range (Est.) | Up to 300 miles | Competes with leading electric SUVs on driving range. |
| South Carolina Plant Investment | Over $1.2 billion | Underscores commitment to American manufacturing. |
For a car buyer, this means Volvo is a viable and forward-thinking brand. You can choose from current gasoline, plug-in hybrid, or all-electric models, with the assurance that the company is investing heavily in its future.
