Volvo Car

Volvo Cars is creating a diversified, modern car company that includes an electrified performance arm, a software start-up, a car subscription business, the stake in Lynk & Co and a technology-sharing joint venture that creates synergies within the wider Volvo Car Group and the Zhejiang Geely Holding group. Ghent is one of two car manufacturing plants operated by Volvo Cars in Europe and has produced Volvos since 1965. At the moment it employs around 5,000 people. The Ghent plant currently builds the XC40, Volvo's first entry in the fast-growing small SUV segment, which was named 2018 European Car of the Year last month at the Geneva Motor Show. Ghent also builds the V40 and V40 Cross Country hatchbacks as well as the S60 sedan, and will soon start producing the all-new V60 five-door, mid-size estate revealed in February this year. Besides Volvo Cars' holding of 30 per cent of the shares in Lynk & Co, Geely Auto owns 50 per cent and Zhejiang Geely Holding 20 per cent in Lynk & Co.