24 x 7 World News

Volvo sales rise 10% in April on China demand

0

STOCKHOLM — Volvo said on Wednesday that sales increased by 10 percent in April to 51,976 cars, boosted by strong gains in China.

Volvo, which is majority-owned by China’s Geely Holding, said in a statement that sales in China were up 46 percent.

In Europe, its biggest market, sales were up 5 percent, while in the U.S. they were down 4 percent.

Volvo said sales of full-electric cars nearly doubled to account for 17 percent of total sales.

All recharge models, including plug-in hybrid models, were up 28 percent.

Leave a Reply