Volvo's 3rd Quarter Revenue Jumps 30% Due To EV Sales

Volvo's revenue increased 30% year-on-year in the third quarter of 2022, despite a drop in sales impacted by ongoing supply issues and lockdowns in China. 

 

The Swedish manufacturer, owned by Chinese automotive giant Geely, sold 138,000 cars from July to September, representing a retail sales decrease of 8%.

It has subsequently predicted a lower sales volume than it achieved in 2021.

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