Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world, with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm stock exchange under the ticker symbol "VOLCAR B". As of December 2024, Volvo Cars had approximately 42,600 full-time employees. Its headquarters and most of its product development, marketing, and administration functions are located in Gothenburg, Sweden. The company’s factories are in Gothenburg (Sweden), Ghent (Belgium), South Carolina (United States), Chengdu, Daqing, and Taizhou (China). Volvo Cars also has R&D and design centers in Gothenburg, Camarillo (United States), and Shanghai (China).

Industry/business sector: Automotive

Main focus areas: Renewable Energy, Sustainable Transport, Circular Economy, Energy Efficiency, Green Contruction, Electric Cars, Supplier's Audit

Headquarters: Gothenburg, Sweden

Location in Spain: Madrid

Why are you a part of Sweden + Spain Green Alliance?: Volvo Cars aims to offer its customers “Freedom to Move” in a personal, sustainable, and safe way. This is reflected in its ambition to become a fully electric vehicle manufacturer and in its commitment to gradually reduce its carbon footprint, with the goal of having no climate impact by 2040.

How does your company contribute to the green transition?: Circular business that creates value and builds resilience through resource efficiency across the value chain. Biodiversity embedded in steering. A roadmap of actions to avoid and reduce our negative footprint as well as restoration activities.

*Sustainability goals: To help protect the world we share, we must do more than merely electrify our cars. We're committed to become a fully electric car company, and to reach net zero greenhouse gas emissions by 2040. We’re rethinking sustainability in our operations, in our cars and in society.

Highlighted project(s) in Spain/Sweden:

• Signed a new agreement with Swedish steel firm SSAB for the supply of high-quality, recycled and near zero-emissions steel starting from 2025.
• Continued on our journey to increase the recycled content in our cars, thanks to the introduction of the new EX90, having an estimated recycled content of 15 per cent per average car.
• Reached 78 per cent climate neutral energy in our own operation.
• Volvo Cars Genuine Refurbished Battery replacement offer rolled-out and EX90 Battery passport established.

Contact details: Jorge Muñoz, Head of PR & Events, Volvo Cars Spain, jorge.munoz@volvocars.com