How many shares does Geely own in Volvo?
2 Answers
Geely acquired 100% of Volvo's shares, including Volvo's factories, after-sales services, research and development, etc. Below 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 cars and received authorization on August 10, 1926, officially starting 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 independent operations. Until 1998, it was owned by the Volvo Corporation.
I've always been particularly interested in acquisition events in the automotive industry, as they directly impact brand trajectories. Take the 2010 deal for example, when Geely Holding spent $1.8 billion to acquire Volvo Cars' entire stake from Ford - that was a major move. Later in 2021, Volvo Cars went public through an IPO in Stockholm. Although Geely's shareholding ratio decreased slightly after the listing, it still maintained about 82%. This ownership structure is quite stable, with Geely as the absolute majority shareholder controlling strategic directions. Initiatives like electrification transformation and European market expansion have benefited from this arrangement. Overall, it's been mutually beneficial - Geely enhanced its technological capabilities while Volvo leveraged the partnership to expand its Asian operations. However, investment ratios may fluctuate slightly due to market dynamics, so I recommend checking official financial reports for the latest updates. I believe such powerful alliances are driving global automotive transformation, making this worth following closely.
