STOCKHOLM (Reuters) – Volvo (OTC:) Cars’ sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 27% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.
Sweden-based Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of fully electric and plug-in hybrid models were up 37% to account for 48% of group sales globally.
(This story has been corrected to read 27%, not 31%, in paragraph 1, and to add the phrase ‘and plug-in hybrid models’ in paragraph 2)