Volvo Cars' sales of fully electric vehicles jump in October

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Volvo saw healthy demand for EVs and widening profit margins this quarter, the company said, even as rivals say demand is drying up.

Volvo Cars said in a statement sales of fully electric cars rose 29% to account for 18% of all its cars sold in the month. Sales ofShares in the group, which is majority-owned by China'sCEO Jim Rowan last week said he saw healthy demand for Volvo cars and widening profit margins for its battery.

Volvo Cars said in a statement sales of fully electric cars rose 29% to account for 18% of all its cars sold in the month. Sales ofShares in the group, which is majority-owned by China'sCEO Jim Rowan last week said he saw healthy demand for Volvo cars and widening profit margins for its battery
 

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