Stock Market News
Volvo Cars’ May sales rise 13%
2024.06.05 03:20
(Corrects Europe figure to read 27% (not 31%) in paragraph 1 and adds phrase “and plug-in hybrid models” in paragraph 2)
STOCKHOLM (Reuters) -Volvo Cars’ sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 27% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.
Sweden-based Volvo (OTC:) Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of fully electric and plug-in hybrid models were up 37% to account for 48% of group sales globally.