Does China own Volvo? Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group of China

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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.

https://en.wikipedia.org/wiki/Volvo

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Volvo Cars is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company’s main marketing arguments are safety and its Swedish heritage and design. Wikipedia

Parent organizations: Geely, Volvo Car, Volvo Personvagnar Holding AB

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OwnersAB Industrivärden (8.6%; 27.7% votes) Geely (8.2%; 16.0% votes)

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Who Owns Volvo? Drivers in the Billings area may be surprised to learn that Volvo models are no longer made in Sweden. Volvo is currently owned by the Zhejiang Geely Holding Group, a Chinese company which owns over 15 other vehicle makers.

https://www.underrinervolvocars.com/who-owns-volvo.htm

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Shares in Geely Automobile Holdings surged nearly 5% on March 29 Monday after its Chinese parent company sealed a $1.8 billion deal to buy Volvo Cars from Ford. “It is a comprehensive acquisition,” said Jerry Huang, a Shanghai-based analyst with automotive research firm CSM Worldwide.29 Mar 2010

https://www.industryweek.com/finance/software-systems/article/21941803/volvo-sold-to-chinas-geely

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China also owns Proton of Malaysia

Geely Proton

Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. Zhejiang Geely Holding Group purchased 49.9% of Proton Cars.

Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. Zhejiang Geely Holding Group purchased 49.9% of Proton Cars.

Proton was born in Malaysia, but quickly became a recognized global brand with exports across Europe, South East Asia, Latin America and Russia.

In May 2017, Zhejiang Geely Holding Group and DRB-Hicom signed a deal that will see Zhejiang Geely Holding Group buy a 49.9% stake in Proton Cars. Under this deal, Geely Holding Group is committed to seeing a full revival of Proton Cars to being the number one Malaysian domestic brand and the leading brand in South East Asia.

Proton Cars

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