# Volvo Cars sales up 31% in May
Published: 2023-06-05
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Discover how Volvo Cars, majority-owned by China's Geely,
Meta Description: Discover how Volvo Cars, majority-owned by China's Geely, sold 60,398 cars in May. May sales of electric cars doubled to 10,826!
URL: https://business.express/volvo-cars-sales-up-31-in-may/

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HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May.

The car manufacturer, majority-owned by China’s Geely, saw May sales of fully electric cars double to 10,826.

In the company’s biggest market Europe, sales rose 40% while sales were up 49% in China and 14% in the United States, the Volvo Cars said in a statement.

(Reporting by Essi Lehto, editing by Terje Solsvik)


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