Volvo XC60
Brand: Volvo
· made by Volvo Cars
· Producer website ↗
Mid-size luxury crossover SUV, in production since 2008.
Origin
Headquarters
🇸🇪Sweden EU
Swedish automotive manufacturer headquartered in Gothenburg. Owned by Geely (China) since 2010 but R&D, design and HQ remain in Sweden.
Produced in
🇸🇪Sweden EU
Built at Volvo's Torslanda plant in Gothenburg, Sweden. The XC60 is also assembled in Chengdu, China for the Chinese market.
Raw materials
Steel sourced largely from Swedish (SSAB) and other EU mills; battery cells (electric variants) from Asian and EU suppliers.
Ownership
🇨🇳
Geely Holding (China) — controlling shareholder (~78%)
— based in China
non-EU
Volvo Cars was acquired from Ford by Zhejiang Geely Holding Group (China) in 2010 for $1.8 billion. The company IPO'd on Nasdaq Stockholm in October 2021, but Geely retains roughly 78% of shares — making the company Chinese-controlled. Headquarters, design (Gothenburg) and R&D (Torslanda, Lund) all remain in Sweden, and most European-market vehicles are still produced there.
Sources
Information last updated 15 May 2026. Spotted an inaccuracy? Send a correction.