Volvo was bought by Ford in 1999 and then sold by Ford to Geely in 2010. It had nothing to do with software related r&d, it was mostly down to Ford needing money after the financial crisis.

Volvo have factories in Sweden, Belgium, USA, and China. The new EX60 is manufactured in Sweden. The US factory makes the EX90, XC60, Polestar 3, and until recently the S60 sedan.