The company was founded in 1994 in Sweden by Christian von Koenigsegg, with the intention of producing a world-class supercar. Many years of development and prototyping led to the company's first street-legal production car delivery in 2002.
Koenigsegg Automotive AB is a non-listed free traded Swedish Public Company. The Company has around 90 shareholders. As the company is free trading the number of shareholders can vary. Christian von Koenigsegg is the CEO and a major shareholder.
In 2006 Koenigsegg began production of the CCX, which uses an engine created in-house especially for that vehicle. The CCX is street-legal in most countries.
Apart from developing, manufacturing and selling the Koenigsegg line of supercars, Koenigsegg is also involved in "green technology" development programmes beginning with the CCXR ("Flower Power") flexfuel supercar and continuing through the present with the Agera R. Koenigsegg is also active in development programs when it comes to plug-in electric cars' systems and next-generation reciprocating enginetechnologies.
In March 2009 the Koenigsegg CCXR was chosen by Forbes to be one of the ten most beautiful cars in history.
In December 2010 the Koenigsegg Agera won the BBC Top Gear Hypercar of the Year Award.