The article below is sourced from Reuters Wire Service. The views and opinions expressed in this story are those of the Reuters Wire Service and do not necessarily reflect the official policy or position of NADA.
Volvo Cars' sales fell by 5% year-on-year in January to 50,820 cars, the Sweden-based automaker said on Tuesday, adding that the decrease was largely due to the timing of the Chinese New Year.
Volvo Cars, which is majority-owned by China's Geely Holding, said the number of electrified cars, including fully electric and plug-in hybrid vehicles, was up by 17% from last year and accounted for 44% of its total sales.
Shares in the company fell 2.61% by 0810 GMT, underperforming a 0.6% drop in Stockholm's benchmark index.
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