Volvo's Global Sales Climb 3% in October, Boosted by EV Demand
Volvo Cars reported a 3% increase in October sales year-on-year, reaching 61,686 vehicles, driven by a significant rise in sales of fully electric and plug-in hybrid models, particularly in Europe where sales surged 21%. Despite declines in the U.S. and China, global sales of electrified models rose 40%, making up 48% of total sales. The company's shares rose 1.3% in early trading, outperforming the Stockholm benchmark index.
