Shares in Sweden's Volvo Cars hit their highest level since November on Thursday after the automaker posted record March sales. Year-on-year sales of electric vehicles in Europe were 22% higher in the quarter and up 34% in March, roughly in line with overall sales growth in that market. Sweden's Volvo Cars on Thursday climbed to its highest level since November, after the automaker reported record single-month sales for March and solid electric vehicle growth in Europe. Shares rose by 6.
2% at 12:20 p.m. in London and hit their highest level since Nov. 16, according to LSEG data. Volvo Cars said its new all-electric EX30 model had boosted growth and that it would focus on ramping up sales of the vehicle in the coming months. Year-on-year sales of electric vehicles in Europe were 22% higher in the quarter and up 34% year-on-year in March, roughly in line with overall sales growth in that marke