© Reuters. FILE PHOTO: A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo
STOCKHOLM (Reuters) – Volvo (OTC:) Cars’ sales grew 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in Europe and the U.S., the Sweden-based group said on Thursday.
Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales of its recharge models – hybrid and fully electric cars – grew 37% to account for 34% of all its cars sold in the month.
In August, the group’s total sales were up 18% on the back of increased demand in Europe and the U.S. while sales fell in China.
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