Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » Volvo Cars’ July sales rose 6% due to increased European EV demand
Business

Volvo Cars’ July sales rose 6% due to increased European EV demand

l
Gazet InternationalBy Gazet InternationalAugust 2, 2024Updated:January 27, 20251 Min Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn

On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge in completely electric vehicles in Europe.

Volvo

Europe, Volvo Cars’ largest market, saw a 40% increase in total sales according to a company statement. Geely Holding, primarily based in China, controls Volvo Cars. In contrast, sales in China and the United States declined by 31% and 11%, respectively.

Bjorn Annwall, deputy CEO and chief commercial officer, stated in the release, “We are pleased to report another month of sales growth, which is driven largely by the sales in Europe despite a generally challenging market environment.”

Sales of completely electric and plug-in hybrid vehicles increased by 49% in July over the same period in 2023, primarily due to demand from Europe. These vehicles also made up 49% of all sales during that time.

By 07:24 GMT, the company’s shares had dropped 0.7%, outpacing the 2% decline in Stockholm’s benchmark stock market index.

By the middle of the decade, Volvo Cars aims to sell half of its vehicles as electric. Consequently, by 2030, the company plans to offer only electric cars.

Click here for more Business news.

Source
#AUTOMAKERS #CHINA #ELECTRICVEHICLES #EUROPE #EV #GAZETINTERNATIONAL #GI #GIAWARDS #hybridcars #marketshares #TECHNOLOGY #USA cars GEELY VOLVO
Share. Facebook Twitter LinkedIn
Previous ArticleCybersecurity Challenges in Modern Banking
Next Article Turkey blocks Instagram access without explanation

Related Posts

New co-heads have been appointed to Franklin Templeton’s Global Official Institutions Group.

May 28, 2025

OCBC is bringing its stockbroking businesses into its Global Markets division.

May 28, 2025

Dubai-based DP World to establish new special economic zone in Oman

May 28, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Rajveer Ahuja Unveils a Bold New Chapter in Digital Storytelling with Mona Ki Manohar Kahaniyaan​

Sudha Reddy Hosts ‘Beauty With A Purpose Gala’​

Modi Naturals Announces Stellar Growth of 66% for FY25 Financial Results​

PayG Secures RBI Payment Aggregator License – A Pivotal Milestone in India’s Fintech Evolution​

Recent Posts
  • Rajveer Ahuja Unveils a Bold New Chapter in Digital Storytelling with Mona Ki Manohar Kahaniyaan​
  • Sudha Reddy Hosts ‘Beauty With A Purpose Gala’​
  • Modi Naturals Announces Stellar Growth of 66% for FY25 Financial Results​
  • PayG Secures RBI Payment Aggregator License – A Pivotal Milestone in India’s Fintech Evolution​
  • How Infrastructure is Putting Tier-2 Cities on the Investment Map​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Press Release

    Rajveer Ahuja Unveils a Bold New Chapter in Digital Storytelling with Mona Ki Manohar Kahaniyaan​

    May 28, 2025
    Press Release

    Sudha Reddy Hosts ‘Beauty With A Purpose Gala’​

    May 28, 2025

    Modi Naturals Announces Stellar Growth of 66% for FY25 Financial Results​

    May 28, 2025

    PayG Secures RBI Payment Aggregator License – A Pivotal Milestone in India’s Fintech Evolution​

    May 28, 2025
    1 2 3 … 765 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.