Volvo Cars sells 10% more cars in October, fully electric cars sales jump By Reuters

STOCKHOLM (Reuters) -Volvo Cars’ sales grew 10% in October from a year earlier to 59,861 cars as fully electric cars sales jumped but hybrid models fell, the Sweden-based group said on Friday.

Volvo (OTC:) Cars said in a statement sales of fully electric cars were up 29% to account for 18% of all its cars sold in the month. Sales of hybrid cars however fell 8%. In total, all recharge models were up 7% to account for 36% of total sales.

Shares in the group, which is majority-owned by China’s Geely Holding, were up 6.5% in early trade.