Volvo Cars’ sales increase 22% in February By Reuters

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© Reuters. SUBMIT PICTURE: A staff member at a Volvo vehicle supplier, using a safety mask is seen in a display room, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman

COPENHAGEN (Reuters) -Sweden-based Volvo Vehicle abdominal muscle claimed on Friday sales expanded 22% year-on-year in February to 51,286 vehicles assisted by a 49% dive for its recharge versions.

Volvo Cars, which is majority-owned by China’s Geely Holding, claimed in a declaration its recharge versions, consisting of completely electrical vehicles, made up 40% of all its vehicles offered in the month.

Sales of completely electrical vehicles raised by 187% to make up 19% of overall sales.

In January, the business’s overall vehicle sales were up 2% as they were kept back in China as a result of Chinese Brand-new Year, which dropped in February.

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