🚗 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%