Is Volvo Group Owned by Geely?
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Volvo Group is a company owned by Geely, as Geely Automobile acquired Volvo Cars. Geely and Volvo: Geely has provided Volvo with substantial financial support and comparable freedom for development, while also benefiting from Volvo Cars' production technology. Introduction to Volvo: Volvo Car Corporation is the largest automotive company in Northern Europe and the largest industrial enterprise group in Sweden, ranking among the top 20 automobile companies in the world. Founded in 1924 by Gustaf Larson and Assar Gabrielsson, Volvo Cars enjoys a high reputation in Northern Europe for its quality and superior performance, particularly in terms of safety systems.