Volvo Cars September sales rise 25%, demand up in China
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2023-10-05 15:21
STOCKHOLM Volvo Cars' sales grew 25% in September from a year earlier to 61,666 cars as sales grew

STOCKHOLM Volvo Cars' sales grew 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in Europe and the U.S., the Sweden-based group said on Thursday.

Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales of its recharge models - hybrid and fully electric cars - grew 37% to account for 34% of all its cars sold in the month.

In August, the group's total sales were up 18% on the back of increased demand in Europe and the U.S. while sales fell in China.

(Reporting by Anna Ringstrom, editing by Essi Lehto)

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