Reuters — 2026-08-04
Automotive Industry
Sales in the United States recovered for a third consecutive month with a double digit increase, the company said in a statement.
However, sales for the period were significantly impacted by the market downturn in China, it added.
Deliveries in Europe, its largest region by sales, remained steady with moderate growth.
"We are maintaining pricing discipline in Europe and have seen a sustained increase in retail orders for our fully electric cars," Volvo Cars said.
Volvo Cars, which is majority-owned by China's Geely Holding (GEELY.UL), said sales volumes of electrified models, including fully electric and plug-in hybrids, increased 15% to account for 53% of cars sold.
Fully electric car sales volumes rose 21% to account for 27% of total sales, while plug-in hybrid sales rose 9%.