STOCKHOLM — Volvo Automobiles’ gross sales rose to 68,034 automobiles in Could, up 13% from a yr earlier, buoyed by a 27% soar in Europe and a powerful efficiency by its absolutely electrical EX30, the group mentioned on Wednesday.
Gross sales of absolutely electrical and plug-in hybrid fashions rose 37% to account for 48% of group gross sales globally, Sweden-based Volvo Automobiles, which is majority-owned by China’s Geely Holding, mentioned in a press release.
“This month’s gross sales figures are one other measure of our progress in the direction of our gross sales goal of at the least 15% progress for 2024,” it mentioned.
Nevertheless, gross sales in america and China fell by 5% and 1%, respectively.
Shares within the firm have been up 1.9% by 0755 GMT.
Volvo Automobiles goals to have electrical autos account for half of its gross sales by quantity by mid-decade and hopes to promote solely EVs by 2030.
