Is Volvo Completely Owned by Geely?
2 Answers
Volvo is not entirely owned by the Geely brand. Taking the Geely Binyue as an example, here are the specific details about the Geely Binyue: 1. Vehicle Positioning: A compact SUV under the Geely brand, with dimensions of 4330mm in length, 1800mm in width, and 1609mm in height, a wheelbase of 2600mm, and a curb weight of 1310kg. 2. Suspension: The Binyue features a MacPherson strut front suspension and a torsion beam rear suspension, with a front-wheel-drive layout. 3. Powertrain: Equipped with a 1.4T turbocharged engine, delivering a maximum horsepower of 141PS, a maximum torque of 235Nm, and a maximum power output of 104kW, paired with a 6-speed manual transmission.
As a car enthusiast, I often follow automotive news. I remember that in 2010, China's Geely Group acquired all shares of Volvo Cars for approximately $1.8 billion. From an equity perspective, Volvo Cars is wholly owned by Geely Holding. It's somewhat like a family business being taken over by a new owner, but Volvo's brand operations and design R&D remain quite independent, with its headquarters still in Gothenburg, Sweden, retaining its Nordic safety genes. Geely has invested heavily in Volvo, driving the development of hybrid models like the XC90, and global sales have benefited from China's channel expansion. I'm quite interested in this type of acquisition—it showcases the globalization trend in the automotive industry, where European and American brands seeking Eastern backing is quite common. Volvo's safety hasn't changed; I still prefer its automatic braking system when driving. According to regular reports, the cooperation between the two is still deepening, and they may share more platform technologies in the future.
