OSLO (Reuters) – Volvo Cars’ gross sales dropped by 3% year-on-year in December to 73,804 cars because the sale of hybrid automobiles decreased, the Sweden- based mostly automotive producer said on Tuesday.
Volvo Cars, which is majority-owned by China’s Geely Holding, said in a declaration that gross sales for 2024 elevated by 8% contrasted to 2023 to a complete quantity of 763,389 cars, enhanced by a 54% improve within the number of fully electrical designs.
Sales of Volvo’s fully electrical cars represented 23% of all Volvo cars marketed around the globe all through 2024, contrasted to 16% in 2023, the enterprise said.
(Reporting by Terje Solsvik, enhancing and enhancing by Stine Jacobsen)
