{"id":31879,"date":"2023-07-05T19:41:54","date_gmt":"2023-07-05T23:41:54","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/tesla-and-byd-were-first-volvo-cars-posts-huge-spike-in-electric-vehicle-sales\/"},"modified":"2023-07-05T19:41:56","modified_gmt":"2023-07-05T23:41:56","slug":"tesla-and-byd-were-first-volvo-cars-posts-huge-spike-in-electric-vehicle-sales","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31879","title":{"rendered":"Tesla and BYD Were First. Volvo Cars Posts Huge Spike in Electric Vehicle Sales."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n
<\/div>\n<\/figure><\/div>\n

It looks like sales of electric vehicles are really taking off.<\/p>\n

\n Volvo Cars,<\/span>
\n the Swedish automaker majority-owned by China\u2019s
\n Geely
\n (ticker: 0175.HK), said sales of its fully electric models jumped 346% in June from a year earlier. That powered a 33% gain in the company\u2019s overall sales last month, it said in a statement Wednesday.<\/p>\n

\n

The news follows Chinese EV maker
\n BYD\u2019s<\/span>
\n (1211.HK) report earlier this week that sales in the second quarter almost doubled from last year. Similarly,
\n Tesla
\n (TSLA) also nearly doubled output to deliver a record number of vehicles in the April-June period.\u00a0<\/p>\n

Volvo\u2019s biggest market is in Europe, whereas Tesla and BYD are the leaders in China, the biggest market for EVs in the world. Volvo reported that China sales\u2013both EVs and gasoline vehicles\u2013slipped 7% in June from a year earlier, while sales in the U.S. gained.<\/p>\n

European sales for Volvo\u2019s fully electric range climbed more than 500% in June, it said. Volvo plans to only make electric cars by 2030.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It looks like sales of electric vehicles are really taking off. Volvo Cars, the Swedish automaker majority-owned by China\u2019s Geely (ticker: 0175.HK), said sales of its fully electric models jumped 346% in June from a year earlier. That powered a 33% gain in the company\u2019s overall sales last month, it said in a statement Wednesday. […]<\/p>\n","protected":false},"author":1,"featured_media":31880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-31879","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTesla and BYD Were First. Volvo Cars Posts Huge Spike in Electric Vehicle Sales. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"It looks like sales of electric vehicles are really taking off. 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