Volvo Cars' June sales increase by 33%, while EV sales quadruple.

Volvo Cars sales in June 2023 increased 33% year on year to 66,379 units.

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Zhejiang Geely Holding (Geely Holding) of China owns Volvo Cars.

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Until 1999, Volvo Cars was a subsidiary of the Swedish Volvo AB (OTC:VLVLY).

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Ford Motor Company (NYSE:F) is an American automobile manufacturer. Geely Holding purchased Volvo Cars in 2010.

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The company's drove the overall sales gain.

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Electric vehicle sales have doubled since the same time previous year.

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Volvo Cars' Recharge lineup of electric vehicles.

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In June, completely electric or plug-in hybrid powertrains climbed by 129%, accounting for 37% of all Volvo vehicles.

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