Volvo, June sales down 27% EV parts shortage sounds, but production is on a recovery trend | Reuters

On July 4, Swedish car maker Volvo Car announced that June sales were down 27% year-on-year. The photo is the company’s logo. Taken in May in Linden, USA (2022 Reuters / Andrew Kelly)

[Stockholm 4th Reuters]–Swedish car maker Volvo Car announced on the 4th that June sales fell 27% year-on-year. The lockdown to prevent corona infections in China caused a shortage of electric vehicle (EV) parts, which had an impact on the production of EVs and plug-in hybrid vehicles.

Since then, the production situation has been improving significantly, and the production volume in June was the highest this year. Nevertheless, the ratio of EVs and plug-in hybrid vehicles to the total delivery will continue to be affected in the July-September quarter, he said.