Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

February sales for Volvo Vehicles increased by 22%.

Volve Logo Photo Credit: Carmen Volve Logo Photo Credit: Carmen
Volve Logo Photo Credit: Carmen Volve Logo Photo Credit: Carmen

Sales of 51,286 vehicles, up 22% year over year, were reported by Sweden-based Volvo Car AB (VOLCARb.ST) on Friday. This news helped the company’s stock rise.

According to a statement from Volvo Cars, which is majority owned by Geely Holding (0175. HK) in China, sales of completely electric vehicles increased by 187% to represent 19% of overall sales.

All recharge models, including those that are not entirely electric, had a 49% increase in sales, making up 40% of the total.

The group’s overall auto sales increased by 2% in January despite Chinese New Year calendar factors holding them back. China had a 50% increase in sales in February.

Sales in Europe’s largest market increased by 9% in February.

 

 

 

 


Comment Template

You May Also Like

Business

India’s Economy Surpasses Predictions, Records Impressive 8.4% India has once again secured its position as the fastest-growing major economy globally, reporting an impressive expansion...

Economy

Israel’s Economy Contracts More Than Anticipated Official figures reveal that Israel’s economy contracted more than anticipated in the aftermath of the conflict with Hamas...

Politics

Finland blocks three Russian property acquisitions. On Wednesday, the Finnish Ministry of Defense announced that it had halted three real estate transactions, one of...

Politics

On Wednesday, the United States and its allies condemned North Korean missile strikes against Ukraine. Washington called the action disgusting, while Seoul branded Ukraine...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok