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.
► Subscribe to the Ministry of Finance telegram channel: main financial news
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.
