Volvo now sells a quarter of electricity


Volvo Cars has sold a record number of cars in the first half of this year – and electric cars account for 25 percent. At the same time, the semiconductor shortage is a major problem.

It announces the company in a press release, and adds that there is a strong demand for cars in all sales regions.

Read more: Volvo Cars wants to do as Tesla and die-cast its aluminum parts

In the last twelve months, approximately 775,000 Volvo cars have been sold, and both sales and profits are increasing. But there are also obstacles, according to CEO Håkan Samuelsson:

“The company continued to grow strongly despite the lack of semiconductors that affected the entire industry, but – which is even more important – we also showed that we have a leading position in the ongoing transformation of the automotive industry,” he writes.

Electric models account for 25 percent of sales.

“Sales of both all-electric models and plug-in hybrids increased significantly and now account for 25 percent of global sales volume. This corresponds to the highest proportion of electrified cars in proportion to the total sales among traditional car manufacturers,” writes Volvo Cars.

Read more: Volvo launches budget version of the XC40 electric car

Volvo Car’s forecast for the full year remains unchanged.

“With the next six months in mind, Volvo Cars is repeating its forecast for the full year. Unless the supply of semiconductors improves, no sales and sales growth is expected for the second half of the year compared to the corresponding period last year, despite strong customer demand.”

Read more: Volvo Car’s goal: 1,000 km range – here’s the news from Tech Moment


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