acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Reuters — 2024-05-06
Automotive Industry
Volvo Cars' sales rose 27% in April 2024 from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on Monday, 6 May 2024.
Volvo Cars, majority-owned by China's Geely Holding, said in a statement sales of fully electric cars were up 94% and accounted for 26% of all sales globally in the month (May 2024).
Sales in Europe, Volvo Cars' biggest market, jumped 65% compared to the same period in 2023, reaching 34,238 cars, with the company's fully electric small SUV, EX30, driving sales, Volvo Cars added.
In the United States, total sales rose 10%, primarily driven by an 89% increase in plug-in hybrid car sales, Volvo Cars said.
Meanwhile, sales in China were down 3% compared to the same period in 2023.
Shares in the company rose 0.5% by 0723 GMT, outperforming a 0.3% rise in Stockholm's benchmark stock index.