Volvo Cars April sales rise on strong EV demand
Sales of fully electric cars were up 94 per cent and accounted for 26 per cent of all sales globally in the month
Add BT as a preferred source
VOLVO Cars’ sales rose 27 per cent in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on Monday (May 6).
Volvo Cars, majority-owned by China’s Geely Holding, said in a statement sales of fully electric cars were up 94 per cent and accounted for 26 per cent of all sales globally in the month.
Sales in Europe, Volvo Cars’ biggest market, jumped 65 per cent compared with the same period last year, reaching 34,238 cars, with the company’s fully electric small SUV, EX30, driving sales, Volvo Cars added.
In the United States, total sales rose 10 per cent, primarily driven by an 89 per cent increase in plug-in hybrid car sales, Volvo Cars said.
Meanwhile, sales in China were down 3 per cent compared with the same period last year. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
