Global Sales of Volvo Cars Grow 8% YoY in June

　　Volvo Cars, a unit of Zhejiang Geely Holding, the parent company of GEELY AUTO (00175.HK) -0.320 (-3.678%) Short selling $38.78M; Ratio 15.312% , said its global sales rose 8% YoY to 71,514 units in June, driven by strong performance in Europe and Latin America, as well as the new battery electric EX30 model.

　　Sales of Volvo's battery electric and plug-in hybrid models lifted 41% last month, accounting for 48% of the company's global sales.

　　Related NewsConsolidated List of Brokers' Top HK Stock Picks (JPM, UBS)

　　Volvo's June sales in Europe elevated 34% YoY to 36,474 units, while sales in the US fell 28% to 9,304 units, partly because thousands of dealers in America had IT issues that disrupted normal operations.

　　Volvo's global sales for 1H24 grew 14% YoY to 388,073 units.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-04 16:25.)

　　Related NewsGuotai Junan Lifts GEELY AUTO (00175.HK) TP to $14, Rating Buy

　　AAStocks Financial News