Join daily news updates from CleanTechnica on electronic mail. Or follow us on Google News!
Volvo Automobiles stories gross sales of fifty,315 automobiles in February, a decline by 2 per cent in contrast with the identical month final 12 months. The principle motive for the decline is the timing of the Lunar New Yr in China.
In February, Volvo Automobiles achieved its highest-ever share of electrified fashions — each in totally electrical in addition to in plug-in hybrids and totally electrical mixed. This was primarily pushed by the ramp-up of the corporate’s new totally electrical small SUV, the EX30. Totally electrical automobiles constituted 22 per cent of all automobiles offered globally through the month, whereas the mixed gross sales of totally electrical automobiles and plug-in hybrids accounted for 44 per cent.
Gross sales in Europe remained robust and grew 26 per cent in comparison with February 2023, reaching 26, 773 automobiles. Gross sales of automobiles with a totally electrical or plug-in hybrid powertrain elevated with 18 per cent, whereas gross sales of totally electrical automobiles elevated by 31 per cent, in comparison with February final 12 months.
In China, gross sales reached 7,911 automobiles, a lower of 39 per cent in comparison with February 2023. The rationale for the decline was because of the timing of the Lunar New Yr, which primarily befell through the month of February.
Our gross sales within the US reached 7,920 automobiles, a lower of seven per cent in comparison with final 12 months. Gross sales of automobiles with a totally electrical or plug-in hybrid powertrain grew by 6 per cent in comparison with February 2023, and accounted for 32 per cent of all automobiles offered within the US.
In December 2023, Volvo Automobiles launched its newest addition to the totally electrical household, the EX30. In the course of the first two months of 2024, a complete of 5,863 automobiles have been offered. Deliveries to clients have began in Europe, Japan and Brazil with extra markets following the approaching weeks.
For February, the Volvo XC60 remained the top-selling mannequin with gross sales reaching 16,026 automobiles (2023: 16,103 automobiles), adopted by the XC40 with complete gross sales of 13,193 automobiles (2023: 15,435 automobiles), and XC90 at 7,299 automobiles (2023: 7,120 automobiles).
| February | February | Jan-Feb | Jan-Feb | |||
| 2024 | 2023 | Change | 2024 | 2023 | Change | |
| Europe | 26,773 | 21,278 |
26% |
49,914 | 42,714 |
17% |
| Electrified fashions | 16,133 | 13,698 |
18% |
29,963 | 26,518 |
13% |
| – Totally electrical | 8,799 | 6,715 |
31% |
16,270 | 12,052 |
35% |
| – Plug-in hybrid | 7,334 | 6,983 |
5% |
13,693 | 14,466 |
-5% |
| China | 7,911 | 13,066 |
-39% |
23,953 | 24,849 |
-4% |
| Electrified fashions | 415 | 1,130 |
-63% |
1,404 | 2,388 |
-41% |
| – Totally electrical | 137 | 172 |
-20% |
298 | 491 |
-39% |
| – Plug-in hybrid | 278 | 958 |
-71% |
1,106 | 1,897 |
-42% |
| US | 7,920 | 8,560 |
-7% |
15,636 | 16,253 |
-4% |
| Electrified fashions | 2,571 | 2,436 |
6% |
4,446 | 4,806 |
-7% |
| – Totally electrical | 359 | 973 |
-63% |
619 | 1,744 |
-65% |
| – Plug-in hybrid | 2,212 | 1,463 |
51% |
3,827 | 3,062 |
25% |
| Different | 7,711 | 8,382 |
-8% |
14,214 | 15,990 |
-11% |
| Electrified fashions | 3,147 | 3,414 |
-8% |
5,624 | 6,708 |
-16% |
| – Totally electrical | 1,629 | 1,714 |
-5% |
2,963 | 3,161 |
-6% |
| – Plug-in hybrid | 1,518 | 1,700 |
-11% |
2,661 | 3,547 |
-25% |
| Whole | 50,315 | 51,286 |
-2% |
103,717 | 99,806 |
4% |
| Electrified fashions | 22,266 | 20,678 |
8% |
41,437 | 40,420 |
3% |
| – Totally electrical | 10,924 | 9,574 |
14% |
20,150 | 17,448 |
15% |
| – Plug-in hybrid | 11,342 | 11,104 |
2% |
21,287 | 22,972 |
-7% |
Volvo Automobiles in 2023
For the complete 12 months 2023, Volvo Automobile Group recorded a record-breaking core working revenue of SEK 25.6 billion. Income in 2023 amounted to an all-time excessive of SEK 399.3 billion, whereas international gross sales reached a document 708,716 automobiles.
About Volvo Automobile Group
Volvo Automobiles was based in 1927. Right now, it is without doubt one of the most well-known and revered automobile manufacturers on the earth with gross sales to clients in additional than 100 international locations. Volvo Automobiles is listed on the Nasdaq Stockholm alternate, the place it’s traded beneath the ticker “VOLCAR B”.
“For all times. To offer folks the liberty to maneuver in a private, sustainable and protected method.” This goal is mirrored in Volvo Automobiles’ ambition to turn into a totally electrical automobile maker by 2030 and in its dedication to an ongoing discount of its carbon footprint, with the ambition to be a climate-neutral firm by 2040.
As of December 2023, Volvo Automobiles employed roughly 43,400 full-time workers. Volvo Automobiles’ head workplace, product growth, advertising and administration features are primarily situated in Gothenburg, Sweden. Volvo Automobiles’ manufacturing crops are situated in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The corporate additionally has R&D and design centres in Gothenburg and Shanghai (China).
For additional data please contact:
Volvo Automobiles Media Relations
+46 31-59 65 25
media@volvocars.com
Courtesy of Volvo Cars
Observe that a number of the press releases printed in our Newswire Corner are sponsored content material.
Have a tip for CleanTechnica? Wish to promote? Wish to counsel a visitor for our CleanTech Discuss podcast? Contact us here.
Newest CleanTechnica TV Video
CleanTechnica makes use of affiliate hyperlinks. See our coverage here.
