Shares in the Swedish automaker hit their highest level since November on record March sales.
Shares in Sweden's Volvo Cars hit their highest level since November on Thursday after the automaker posted record March sales.
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. Sales of electric models to China, the largest EV market, dropped by 36% despite a 4% hike in overall sales.
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