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Business & Analysis

Volvo Cars’ May sales rise 13%

By : cd on 05 Jun 2024, 11:00     |     Source: reuters.com

Volvo Cars’ new tab sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 31% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.

Sweden-based Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of fully electric cars were up 37% to account for 48% of group sales globally.