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Volvo’s March car sales are up 8% year-on-year and pure electric car sales are up 140%

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Sweden-based Volvo Cars said it sold 63,132 vehicles worldwide in March, an increase of 8% over the same period last year, mainly due to a 140% jump in the company’s pure electric vehicle sales. %.

Car sales in the first three months of 2023 were 162,938, up 10% from the same period last year. The sales growth is mainly driven by the company’s pure electric vehicles, which will increase by 157% compared to the same period in 2022. In the first quarter of this year, Volvo China’s sales reached 36,457 vehicles, a year-on-year increase of 2%.

It said that Volvo Cars’ new energy models, which feature pure electric or plug-in hybrid powertrains, were popular in the first three months of this year, accounting for 41 percent of Volvo Cars’ global sales. Its share of pure electric vehicles ended up at 18 percent during that period.

Volvo Cars’ official website shows that the company’s sales in Europe in the first three months of 2023 increased to 72,671 vehicles, a year-on-year increase of 12%, and the share of new energy models reached 62% of the region’s overall sales. U.S. sales rose 16 percent to 26,483 vehicles in the first three months of the year, with new-energy models accounting for 29 percent of total first-quarter sales.

In March, the Volvo XC40 led the way with sales of 20,556 (17,584 in 2022), followed by the XC60 with a total of 18,090 (16,855 in 2022) and the XC90 at 9,828 (9,141 in 2022).

The original text of Volvo sales is attached:

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