Top Volvo individual shareholderShu Fu Li
Posted: Mon Jan 06, 2025 3:32 am
As founder and chairman of Geely Holding Group, Shu Fu Li is the most notable person associated with both Volvo Cars and AB Volvo.
In 1997, Li Shu Fu founded Geely Auto, marking his entry into the automotive industry. Despite initial skepticism about a private Chinese company producing cars, Li's perseverance and innovative approach led Geely to become China's first privately owned automaker.
On March 28, 2010, under Li Shu Fu's leadership, mayotte email list Geely signed a deal worth $1.8 billion to acquire Swedish automaker Volvo Cars from American automaker Ford Motor Company .
Volvo Cars went public on Nasdaq Stockholm on October 29, 2021, welcoming over two hundred thousand new shareholders as it embarked on this new chapter. Despite the public listing, the majority of voting shares remain with Shu Fu Li, ensuring that Geely Holding Group retains control of the company.
According to MarketScreener, Shu Fu Li owns 2,343,396,227 shares and consequently controls 78.65% of Volvo Car AB’s total voting shares, making him the dominant force behind the company. This significant stake underlines his influence over the strategic direction of the iconic Swedish automaker.
In 1997, Li Shu Fu founded Geely Auto, marking his entry into the automotive industry. Despite initial skepticism about a private Chinese company producing cars, Li's perseverance and innovative approach led Geely to become China's first privately owned automaker.
On March 28, 2010, under Li Shu Fu's leadership, mayotte email list Geely signed a deal worth $1.8 billion to acquire Swedish automaker Volvo Cars from American automaker Ford Motor Company .
Volvo Cars went public on Nasdaq Stockholm on October 29, 2021, welcoming over two hundred thousand new shareholders as it embarked on this new chapter. Despite the public listing, the majority of voting shares remain with Shu Fu Li, ensuring that Geely Holding Group retains control of the company.
According to MarketScreener, Shu Fu Li owns 2,343,396,227 shares and consequently controls 78.65% of Volvo Car AB’s total voting shares, making him the dominant force behind the company. This significant stake underlines his influence over the strategic direction of the iconic Swedish automaker.