Volvo Cars sales up 31% in May

HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May.

The car manufacturer, majority-owned by China’s Geely, saw May sales of fully electric cars double to 10,826.

In the company’s biggest market Europe, sales rose 40% while sales were up 49% in China and 14% in the United States, the Volvo Cars said in a statement.

(Reporting by Essi Lehto, editing by Terje Solsvik)