Volvo and Polestar have their HQ in Sweden and huge manufacturing plants. They also develop platforms for some other Gealy brands including Link&co and IIRC also Zeeker.
And then there is the Koenigsegg...
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.
Given that the market for Volvo is global, it seems to me that Volvo Cars is still overwhelmingly Swedish, while at the same time being overwhelmingly controlled by Geely.
[1]; https://www.svt.se/nyheter/lokalt/vast/1000-personer-far-lam...
But including a company that hand-builds a handful of hypercars annually in a conversation about the auto industry in Sweden is not the flex you think it is.
Then last, but not least the UK basically threw the towel in too on a wide assortment of industries, but they’re now discovering that that was a big mistake.
Although my friend was working at an injection moulding company in Christchurch that did some parts for Holden (GM) in Australia.
Apart from Volvo, Koenigsegg and Polestar and Scania. Apart from that, you’re right.