Stock Market News
Volvo Cars sales up 31% in May
2023.06.05 04:03
© Reuters. FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May.
The car manufacturer, majority-owned by China’s Geely, saw May sales of fully electric cars double to 10,826.
In the company’s biggest market Europe, sales rose 40% while sales were up 49% in China and 14% in the United States, the Volvo Cars said in a statement.
