Volvo Car’s sales up 8% in March

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Volvo Car, majority-owned by China’s Geely Holding, said in a statement its fully electric models made up 41% of all its cars sold globally in the first three months of this year.

In Europe, Volvo Car’s fully electric models made up 62% of overall sales in the first three months of 2023.

In February, the group’s total car sales were up 22%, helped by a 187% month-on-month jump for its recharge models, with fully electric cars accounting for 19% of total sales.

(This story has been refiled to say Volvo Car instead of Volvo Cars in paragraph 2)