AB Volvo

AB Volvo Overview

Company Headquarters: Gothenburg, Sweden

Founded: 1927

Workforce: NA

Company Working: AB Volvo (Volvo) provides commercial transport solutions. The company also manufactures and sells equipment for the construction market and drive systems for marine and industrial applications. The company also provides industrial information technology (IT) solutions, logistics solutions and support services such as roadside assistance, fuel management, and driver training. The company manufactures a wide range of medium-heavy to heavy trucks for regional transport, long-haul and construction operations under the Volvo, Renault Trucks, Mack Trucks, and UD brands. Volvo operates production facilities in several countries and markets its products worldwide, including Sweden, France, Japan, the US, China, Brazil, and South Korea. Volvo is headquartered in Gothenburg, Sweden.

Strategy

AB Volvo has formed a strategic partnership with Samsung SDI to create battery packs for the Volvo Group's electric trucks. Sharing the Green Deal vision of sustainable transportation and a carbon-neutral Europe by 2050, the Company and Daimler Truck have formed cell centric, fuel-cell joint venture. The company has agreed to install and operate a high-performance public charging network for battery-electric heavy-duty long-haul trucks and coaches across Europe with Daimler Truck and the Traton Group. The company works with SSAB on the research, development, serial production, and commercialization of the world's first fossil-free steel vehicles. In addition, the company has a strategic alliance with Isuzu Motors.

Company Snapshot

$41,317M

Revenue

102,000

Employees

1927

Founded

Gothenburg, Sweden

Headquarters

SWOT Analysis

Strengths

Strong base of reliable source for raw materials
Robust manufacturing facilities
Wide global presence

Weaknesses

Enable to tackle challenges present by new entrances

Opportunities

Strong R&D facility for product development
Growing Strategy towards expansion in untapped market

Threats

High competition from new rivals in China
Logistic & Transportation cost due to market expansion across the globe

Product Offering

AB Volvo
- Diesel Engine

Financial Performance

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