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May 03, 2023 05:52 AM

Volvo sales grow 10% in April on China demand

Volvo sales rose to 51,976 cars last month as sales in China leapt 46 percent.

Reuters
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    Volvo C40 light blue 2023

    Sales of full-electric cars, including the C40, rose to 17 percent of total Volvo sales last month.

    STOCKHOLM -- Volvo said on Wednesday that sales increased by 10 percent in April to 51,976 cars, boosted by strong gains in China.

    Volvo, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46 percent.

    In Europe, its biggest market, sales were up 5 percent, while in the U.S. they were down 4 percent.

    Volvo said sales of full-electric cars nearly doubled to account for 17 percent of total sales.

    All recharge models, including plug-in hybrid models, were up 28 percent.

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        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
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