By Dominic ChoppingSTOCKHOLM--Volvo Car said Monday that sales rose 18% on year in August, after figures in the same month last year were weighed by Covid-19 outbreaks in China and a lack of availability of components, notably semiconductors, which hit manufacturing output. In Europe, sales rose 46% to 16,051 cars, while sales in China fell 8% to 15,760 cars. The company reported a sales increase of 31% in the U.S. to 10,644 cars. Volvo's Recharge range of fully electric or plug-in hybrid models accounted for 33% of all Volvo cars sold globally. Fully electric models accounted for 13% of global sales, the company said.

Source: Wall Street Journal September 04, 2023 08:20 UTC