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Volvo Cars owns 18% of Polestar [13] [14] and 50% of NOVO Energy (electric vehicle batteries), 100% of Zenseact (AD and ADAS software), and 100% of HaleyTek (Android-based infotainment systems). [15] As of 2022, Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in the United States, Ghent in Belgium, and Daqing ...
First Volvo Car plant outside Sweden [3] Assembly [2] Canada Third non-domestic automobile plant in North America Debut model: Volvo Canadian [4] Canadian assembly shifted to Halifax Plant (1967) [2] Ghent Plant Volvo Car Gent (VCG) YV1: 2: Ghent, Belgium: 1965–present: Second Volvo Car plant outside Sweden: Assembly (1965–1972 ...
Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company. Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden. [6]
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On 28 October 2009, Ford named Geely the preferred buyer of Volvo Cars. [ 13 ] [ 14 ] On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010.