Volvo

Volvo is the company that invented the three-point car seat belt, then applied it to commercial products. Safety is still the philosophy that is preserved and invested the most in the company.

According to many assessments from industry experts, the 1950s is considered the pinnacle of Volvo's history. The car company does business with incentives for users to have 5-year accident insurance, which is sold with the car. This was one of the company's smart moves that no other car company could do at that time. However, this provision was later canceled.

Over the course of nearly 100 years of development, Volvo has not stopped researching and inventing safety technologies in cars. And in recent years, Volvo has also introduced completely new safety equipment such as braking system that detects pedestrians / cyclists and Alcolock, a system that prevents the driver from using the vehicle if the alcohol concentration is exceeded. And entering the new millennium, Volvo develops with a new slogan: “ Volvo for Life ”

The financial report shows that in the first half of 2021, Volvo's operating revenue was about SEK 141.1 billion (US $1, about SEK 8.69), an increase of 26.3% year-on-year. The financial report also showed that Volvo's global car sales reached 380800 in the first half of this year, a year-on-year increase of 41%. ( Refer: equalocean.com )

Brand Country: Sweden

Headquarters: Gothenburg, Sweden

Brand Value: $ 17,75 Billion

Brand's Products: Volvo S90, Volvo XC40, Volvo XC90, etc.

Website: https://www.volvo.com/en/

Facebook: https://www.facebook.com/volvocars