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.
Sweden-based Volvo Cars said on Wednesday that sales increased by 10% year-on-year in April to 51,976 cars, boosted by strong gains in China.
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46%. In Europe, its biggest market, sales were up 5%, while in the U.S. they were down 4%.
The carmaker's shares were down 1% in early trade.
Volvo Cars said sales of fully electric cars nearly doubled to account for 17% of total sales. All recharge models, also including those not fully electric, were up 28%.
(Reporting by Anna Ringstrom, editing by Terje Solsvik and Sharon Singleton)
For more stories like this, bookmark www.NADAheadlines.org as a favorite in the browser of your choice and subscribe to our newsletter here:
