Volvo broke Tesla record of EV sales, BYD’s Record Numbers.

According to Volvo Cars, sales of its fully electric cars increased 346% in June over the same month last year.

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The company's entire sales increased last month by 33% as a result of this.

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In order to deliver a record number of automobiles between April and June, Tesla (TSLA) also nearly increased output.

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While Tesla and BYD are the market leaders in China, Volvo's largest market is in Europe.

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The largest EV market in the world is China.

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According to Volvo, sales of petrol and electric vehicles in China fell 7% in June compared to the same month last year.

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Sales of Volvo's fully electric range in Europe increased by more than 500% in June, the company reported.

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By 2030, Volvo intends to produce solely electrified vehicles.

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