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Volvo Cars April sales rise on strong EV demand

by Riah Marton
in Lifestyle
Volvo Cars April sales rise on strong EV demand
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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

Tags: AprilCarsdemandRiseSalesStrongVolvo
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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