It is a chance for Volvo to draw on a more diverse pool of investors—and remain nimble enough to navigate a fast-changing business
is a chance to draw on a more diverse pool of investors as it broadens its worldwide reach, while remaining small and nimble enough to navigate the fast-changing automotive business. And Mr Samuelsson stresses that not much would change in its relationship with Geely, the Chinese firm that has owned Volvo since acquiring it from Ford in 2010 for $1.8bn. Geely intends to remain the largest shareholder and the two firms will continue to share costs and technology.
More important, Volvo is ahead of most rivals in sating the growing appetite for electric vehicles among motorists and investors alike. It has pledged to go all electric by 2030, long before most rivals; spun off its internal-combustion-engine business into a stand-alone operation in order to focus ons; and joined forces with Northvolt, a Swedish battery firm, to build a gigafactory and ensure supply.
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