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01 Feb
15:59

Volvo Cars reports record sales in 2023 amid EV expansion

Volvo Cars reported on Thursday a “record year” in the company’s 97-year history with a new all-time sales and revenue record and a 16% all-electric vehicle (BEV) market share. The Swedish carmaker saw its overall retail sales increase 15% on-year in 2023 to 709,000 units. BEV deliveries accounted for 113,419 units, growing 70% on-year and reaching one of the highest BEV market shares among legacy premium carmakers. Compared to 2022, the company…
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