Volvo Doubles Global EV Sales In September, But Faces US Decline

Quick Summary:

Swedish automaker Volvo Cars (OTC:VLVCY) doubled its global battery electric vehicle sales last month as compared to August 2023, but experienced sales dwindle within the U.S., the company said on Thursday.

From the start of this year till August end, the company has sold 118,308 BEVs, or 66% more than last year, largely due to its rise in sales in Europe.However, within the U.S., Volvo BEV sales are falling fast.

Last month, Volvo Cars sold just 588 BEVs in the U.S., marking a fall of 32% from last year.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: Electric vehicles News Tech VLVCY EVs Mobility Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 12:05:46 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22374941

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