Volvo Cars’ May sales rise 13%

By Thomson Reuters Jun 5, 2024 | 2:17 AM

STOCKHOLM (Reuters) – Volvo Cars’ sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 31% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.

Sweden-based Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of fully electric cars were up 37% to account for 48% of group sales globally.

(Reporting by Anna Ringstrom, editing by Terje Solsvik)