Volvo sales drop 10% in March, EVs down 26%

Volvo Cars announced on Wednesday that they sold 70,737 cars in March. This represents a 10% decrease from the previous year, leading to a 3% drop in the company’s shares.

Volvo Cars, majority-owned by China’s Geely, stated that “sales of fully electric cars plunged 26% to account for 19% of total sales.”

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