In May, Volvo sold 68,034 cars, which is 13% more than last year. This is because sales in Europe went up by 27%, and people really liked the fully electric EX30 car.
Almost half of Volvo’s sales around the world were of fully electric or plug-in hybrid cars. These types of cars became even more popular, going up by 37%.
Volvo, which is mostly owned by a company in China called Geely Holding, wants to keep growing. They want to sell at least 15% more cars by 2024.
But in the United States and China, Volvo didn’t sell as many cars this May. Sales went down by 5% in the United States and 1% in China.
Even though sales in some places went down, Volvo’s company stocks went up by 1.9% at a certain time in the morning.
Volvo is planning for more electric cars in the future. By the middle of the decade, they hope that half of all the cars they sell will be electric. And by 2030, they want to sell only electric cars.
