Volvo Cars' sales growth accelerates to 12% in November
Reuters
Published Dec 02, 2022 03:10AM ET
Updated Dec 02, 2022 03:25AM ET
STOCKHOLM (Reuters) - Sweden-based Volvo Car AB said on Friday its sales grew 12% year-on-year in November to 59,154 cars.
"Overall underlying demand for the company's cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars," it said in a statement.
The sales growth accelerated compared with October when it was 7%.
Volvo Cars, which is majority-owned by Chinese automotive company Geely Holding, said fully electric vehicles accounted for 20% of sales, up from 15% the previous month. Recharge models, including those not fully electric, accounted for 42%, up from 37%.
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Written By: Reuters
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