Volvo Cars' sales grow 10% in April on demand jump in China
By REUTERS | 03 May 2023
STOCKHOLM: Sweden-based Volvo Cars said today that sales increased by 10% year-on-year in April to 51,976 cars, boosted by strong gains in China.
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46%. In Europe, its biggest market, sales were up 5%, while in the US they were down 4%.
Volvo Cars said sales of fully electric cars nearly doubled to account for 17% of total sales.
All recharge models, also including those not fully electric, were up 28%.
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