• 18/06/2024 05:22

Volvo shares rise on record sales

Shares in Sweden's Volvo Cars hit their highest level since November after the automaker reported record sales in March. Annual sales of electric vehicles in Europe grew by 22% in the quarter and by 34% in March, roughly in line with overall sales growth in this market. CNBC writes about this.

Volvo shares rose by amid record sales

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However, in China, sales of electric cars fell by 36%, while overall sales increased by 4%.

The majority owner of Volvo is the Chinese automobile group Geely. Volvo sold 78,970 cars last month, which is 25% more than last month. Total sales in the first quarter rose 12% year over year to 182,687.


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