Volvo Cars sales rose 10 percent from October to November 03, 2023 at 04:01 AM EST

Volvo cars The company recorded growth for the 14th consecutive month as global sales reached 59,861 vehicles in October, an increase of 10 percent compared to the same period last year. The increase in sales was primarily driven by the company’s all-electric vehicles.

For the period from January-October 2023The company sold 569,019 cars, which represents an 18 percent increase compared to the same period in 2022.

in October, Volvo cars Recharge electric models, with a fully electric or hybrid powertrain, accounted for 36 percent of all Volvo cars sold globally during the month. Sales of fully electric vehicles increased by 29 percent compared to the same period last year, and accounted for 18 percent of total sales, which is 12 percent in 2018. October 2022.

to EuropeSales rose to 24,892 cars, an increase of 13 percent compared to the same month last year. Sales of recharge vehicles represented 55% of total sales in the region.

Volvo cars Sales in the United States increased by 19 percent compared to the same month last year, reaching 11,296 cars. Sales of all-electric vehicles rose 49 percent, and plug-in models accounted for 27 percent of all cars sold in the United States during October.

Sales in China It remained flat in October compared to the same period last year, resulting in 15,041 cars. Recharge vehicles rose 27 percent.

In October, Volvo’s

For more information, please contact:

Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com

Volvo Cars Investor Relations John Hernander+46 31-793 94 00
investors@volvocars.com

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Volvo cars In 2022

For the full year 2022 Volvo Cars Group Recorded an operating profit of 22.3 trillion Swedish krona. Revenues in 2022 reached 330.1 trillion Swedish kronaWhile global sales reached 615,121 cars.

on Volvo Cars Group
Volvo cars It was founded in 1927. Today it is one of the most recognized and respected automobile brands in the world, selling to customers in more than 100 countries. Volvo cars It is listed on Nasdaq Stockholm, where it trades under the ticker “VOLCAR B”.

“For life. Giving people the freedom to move in a personal, sustainable and safe way.” This purpose is reflected in Volvo carsIts ambition is to become a fully electric car maker by 2030 and its commitment to continuously reducing its carbon footprint, with its ambition to become a climate neutral company by 2040.

From December 2022, Volvo cars Approximately 43,200 employees work full time. Volvo cars‘ Head office, product development, marketing and management functions are mainly located in Gothenburg, Sweden. Volvo cars“The production plants are located in Gutenbergsang (Belgium), South Carolina (we), ChengduDaqing and Taizhou (China). The company also has research, development and design centers in GutenbergCamarillo (USA) and Shanghai (China).

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