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In the first seven months of 2023, Volvo (ST:VOLVb) sold 395,856 cars globally, a rise of 18% compared with the same period of 2022, led by soaring demand for fully-electric or plug-in-hybrid models.
The manufacturer, which is majority-owned by China’s Geely (OTC:GELYY), said it sold 64,764 fully-electric cars year-to-date, up from 23,803 in the year-ago period.
Shares in the company were up 0.4% at 0714 GMT, outperforming a 0.5% drop in Stockholm’s benchmark index.
