STOCKHOLM–Volvo Car AB said Friday that car sales rose 2% on year in January. The Swedish auto maker
–majority owned by China’s Zhejiang Geely Holding Group–said it sold 48,520 cars in January, up from 47,561 in the same month last year.
In Europe, sales rose 14.7% to 21,436 cars, driven by markets such as the U.K., Italy and Belgium, while sales in China fell 19.5% to 11,783 cars due to the timing of the Chinese New Year. The company reported a sales increase of 8.2% in the U.S. to 7,693 cars. Volvo’s recharge range of fully-electric or plug-in hybrid models accounted for 40.7% of all Volvo cars sold globally in January, while fully electric models accounted for 16.2% of global sales, the company said. Write to Dominic Chopping at email@example.com