By Dominic Chopping
STOCKHOLM–Volvo Car said Monday that car sales rose 31% on year in May, after figures in the same month last year were weighed by lower production due to supply chain constraints.
The Swedish auto maker–majority owned by China’s Zhejiang Geely Holding Group–sold 60,398 cars in May, up from 45,952 in the same month last year.
In Europe, sales rose 40% to 26,272 cars, while sales in China rose 49% to 14,121 cars. The company reported a sales increase of 14% in the U.S. to 10,723 cars.
Volvo’s recharge range of fully-electric or plug-in hybrid models accounted for 40% of all Volvo cars sold globally. Fully-electric models accounted for 18% of global sales, the company said.
Write to Dominic Chopping at [email protected]
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