STOCKHOLM — Volvo Vehicles’ gross sales rose to 68,034 vehicles in Might, up 13% from a 12 months earlier, buoyed by a 27% bounce in Europe and a powerful efficiency by its totally electrical EX30, the group stated on Wednesday.
Gross sales of totally electrical and plug-in hybrid fashions rose 37% to account for 48% of group gross sales globally, Sweden-based Volvo Vehicles, which is majority-owned by China’s Geely Holding, stated in an announcement.
“This month’s gross sales figures are one other measure of our progress in the direction of our gross sales goal of not less than 15% progress for 2024,” it stated.
Nonetheless, gross sales in the USA and China fell by 5% and 1%, respectively.
Shares within the firm have been up 1.9% by 0755 GMT.
Volvo Vehicles goals to have electrical automobiles account for half of its gross sales by quantity by mid-decade and hopes to promote solely EVs by 2030.
