Dow Jones Newswires: Volvo car sales rose 12% on year in November

by | Dec 2, 2022 | Stock Market

STOCKHOLM–Volvo Car AB said Friday that car sales rose 12.0% on year in November as underlying demand remained robust, especially for its recharge range of pure-electric and plug-in hybrid cars. The Swedish auto maker

–majority owned by China’s Zhejiang Geely Holding Group
–said it sold 59,154 cars in November, up from 52,793 in the same month last year.

In Europe, sales rose 15.8% to 25,960 cars, while sales in China fell 6.2% to 12,580 cars. The company reported a sales increase of 20.4% in the U.S., to 9,233 cars. Volvo’s recharge range of fully-electric or plug-in hybrid models accounted for 42.2% of all Volvo cars sold globally in November, while fully electric models accounted for 19.7% of global sales, the company said. Write to Dominic Chopping at

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