Volvo Cars' May sales rise 13%

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Volvo Cars' May sales rise 13%

STOCKHOLM -Volvo Cars' sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 27% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.) Cars, which is majority-owned by China's Geely Holding, said in a statement that sales of fully electric and plug-in hybrid models were up 37% to account for 48% of group sales globally.

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