Advertisement
UK markets closed
  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     
  • FTSE 250

    20,749.90
    -72.94 (-0.35%)
     
  • AIM

    794.02
    +1.52 (+0.19%)
     
  • GBP/EUR

    1.1678
    +0.0023 (+0.20%)
     
  • GBP/USD

    1.2706
    +0.0035 (+0.28%)
     
  • Bitcoin GBP

    53,076.30
    +187.78 (+0.36%)
     
  • CMC Crypto 200

    1,373.19
    -0.65 (-0.05%)
     
  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     
  • DOW

    40,003.59
    +134.21 (+0.34%)
     
  • CRUDE OIL

    80.00
    +0.77 (+0.97%)
     
  • GOLD FUTURES

    2,419.80
    +34.30 (+1.44%)
     
  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     
  • HANG SENG

    19,553.61
    +177.08 (+0.91%)
     
  • DAX

    18,704.42
    -34.39 (-0.18%)
     
  • CAC 40

    8,167.50
    -20.99 (-0.26%)
     

Volvo Cars' sales rise 22% in February

FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium

COPENHAGEN (Reuters) -Sweden-based Volvo Car AB said on Friday sales grew 22% year-on-year in February to 51,286 cars helped by a jump for its recharge models, sending its shares up.

Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement sales of fully electric cars soared 187% to account for 19% of total sales.

All recharge models, also including those not fully electric, were up 49% to account for 40% of total sales.

Volvo Cars' shares rose 3% in early trade.

In January, the group's total car sales were up 2% as they were held back in China by Chinese New Year calendar effects. In February, sales in China were up 50%.

In biggest market Europe, sales were up 9% in February.

(Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)