Volvo Cars sells 10% more cars in October, fully electric cars sales jump By Reuters

© Reuters. FILE PHOTO: An employee of a Volvo car dealership, wearing a protective mask, is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium, on May 28, 2020. REUTERS/Yves Herman/File Photo

STOCKHOLM (Reuters) – Volvo Cars sales rose 10% in October from a year earlier to 59,861 vehicles, as sales of fully electric cars jumped but those of hybrid models fell, the company said on Friday. Swedish group.

Volvo (OTC:) Cars said in a statement that its sales of fully electric cars increased 29% to account for 18% of all its cars sold during the month. Sales of hybrid cars, on the other hand, fell by 8%. In total, all rechargeable models increased by 7% to account for 36% of total sales.

Shares of the group, majority owned by China’s Geely Holding, rose 6.5% in early trading.

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