Volvo Cars, the Sweden-based automaker majority-owned by China’s Geely Holding, announced a substantial 27% increase in sales for April compared to the previous year, with a total of 65,838 cars sold. The surge was predominantly driven by the growing demand for electric and hybrid vehicles in key markets.
In a statement released on Monday, Volvo Cars highlighted the remarkable growth in sales of fully electric cars, which soared by 94% in April, constituting 26% of the total global sales volume for the month.
The European market emerged as Volvo Cars’ stronghold, experiencing a significant 65% spike in sales, with 34,238 cars delivered. The company attributed this growth to the popularity of its fully electric small SUV, the EX30.
In contrast, the Chinese market witnessed a slight decline of 3% in sales compared to the same period last year, indicating a shift in consumer preferences or market dynamics.
