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Geely's Volvo Cars Aug Sales Sink 9% YoY; NEV Sales Fall 17%
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Zhejiang Geely's Volvo Cars announced that it sold 48,029 cars in August, down 9% YoY. Among which, sales of BEVs sank 28% YoY, accounting for 20% of total sales. Including PHEVs, NEVs sales dropped 17% YoY, making up 43% of total sales. In July, the company reported a plunge in quarterly profits, citing weak consumer confidence leading to soft and volatile demand, as well as new tariffs posing challenges to the automotive industry. AASTOCKS Financial News Website: www.aastocks.com |
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