COPENHAGEN, July 4 Reuters Swedenbased Volvo Cars on Wednesday reported a 33 yearonyear rise in June sales to 66,379 cars, helped by a spike for fully electric cars.

The manufacturer, which is majorityowned by China39;s Geely, said it sold 9,535 fully electric cars in the month, up 346.

The overall sales increase was driven by the company39;s fully electric cars which quadrupled compared to the same period last year, it said in a statement.

Furthermore, figures from June 2022 were negatively affected by lower production due to last year39;s supply chain constraints.

Volvo Cars said its total car sales in biggest market Europe rose 70. Total car sales in the U.S. were up 53 while in China they decreased.

Shares in the company were up 1.7 at 0737 GMT.

Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom

Source Reuters

Leave A Comment