Published by Global Banking & Finance Review®
Posted on March 4, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GoogleVolvo Cars saw a 1% sales increase in February despite a 15% drop in electric vehicle sales. Electrified vehicles made up 43% of total sales.
COPENHAGEN (Reuters) -Volvo Cars sold 50,662 cars in February, up 1% from a year earlier, the Sweden-based company said on Tuesday, as sales of its electric vehicles declined for the month.
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement sales of fully electric cars were down 15% to account for 18% of total sales.
Sales of electrified cars as a whole, also including plug-in hybrids, were down 3% and accounted for 43% of total sales.
Shares in the company, which has warned of a turbulent and competitive 2025, were down 1.7% at 0805 GMT, slightly underperforming the wider market in Stockholm which traded own 1.4%.
(Reporting by Stine Jacobsen, editing by Louise Rasmussen)
Volvo Cars sold 50,662 cars in February, which is a 1% increase from the previous year.
Sales of fully electric cars fell by 15%, making up 18% of total sales for the month.
Electrified cars, including plug-in hybrids, accounted for 43% of total sales, despite a 3% decline.
Shares in Volvo were down 1.7% at 0805 GMT, slightly underperforming the wider market in Stockholm.
Volvo has warned of a turbulent and competitive market in 2025.
Explore more articles in the Finance category
