Volvo Car Corp.’s sales in China, its largest market worldwide, dropped six percent to 11,608 in March due to weak demand for gasoline-powered products.
Deliveries of gasoline-powered Volvo models slipped 8.1 percent to 10,166 last month, the company said.
Sales of plug-in hybrid products shrank 4 percent to 1,007 while demand for full-electric models surged 65 percent to 435, Volvo said on Wednesday.
In the first quarter, Volvo delivered 36,457 vehicles in China, a rise of two percent from a year earlier.
First-quarter sales of Volvo’s gasoline products were virtually unchanged at 32,627.
By contrast, the Swedish carmaker’s EV deliveries spiked 113 percent to 926, and demand for plug-in hybrid products increased 7 percent to 2,904.
