🚗 Volvo announces a 12% drop in sales during June
With a sharp decline of 26% in fully electric vehicle sales
📉 Electric vehicles accounted for 22% of total sales
While hybrid vehicles overall declined by 19% to make up 44% of sales
🏭 The Swedish company owned by the Chinese Geely Group
Is facing pressure from rising costs and slowing global demand
📊 Volvo's sales decreased in Europe by 14%
In the United States by 7%
In China by 3%