Volvo Cars’ June sales rise on fully electric model boost. Reuters

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Volvo Cars’ sales in June rose 8% to 71 514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the Sweden-based automaker said on Thursday.
Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of fully electric and plug-in hybrid models were up 41%, and also account for 48% of its global car sales.
Sales in Europe, the biggest market for Volvo Cars, rose 34% in June to 36 474 year-on-year.
Annual sales in the U.S. market slumped 28% to 9 304 cars, partly due to widespread IT-related disturbances that forced a halt to normal operations across thousands of dealerships, the company said.
Volvo Cars’ total sales for the first half of this year rose 14% from 2023 to 388 073 cars globally.

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