Chinese New Year slows Volvo Cars' sales growth in January

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Chinese New Year slows Volvo Cars' sales growth in January
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Sweden-based Volvo Car AB said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to public holidays.

said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to public holidays.

, said the increase at group level was led by markets such as Britain, Italy and Belgium while in China sales fell 20% due to the timing of the Chinese New Year.It said fully electric vehicles accounted for 16% of total sales. Recharge models, also including those not fully electric, accounted for 41%.Reporting by Anna Ringstrom, editing by Terje Solsvik and Elaine Hardcastle

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