- Volvo Cars sold 615,121 cars in 2022, a 12% decrease year-on-year. The decline in sales was due to challenges across the supply chain, as well as production restraints caused by component shortages and COVID-related lockdowns in China.
- Volvo Cars is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group VLVLY until 1999.
- The share of fully electric Volvo Cars reached 10.9% during the year, compared with 3.7% last year.
- Also Read: Volvo To Supply 20 Electric Trucks To Amazon
- The number of Volvo Cars sold online increased by 17% Y/Y.
- Volvo Cars 2022 sales in the U.S. slumped 16.5%, and China dropped 5.4%.
- For the month of December, Volvo Cars sales increased 12.8% Y/Y to 72,663 cars.
- Photo Via Company
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