COPENHAGEN, April 4 ― Volvo Cars' sales rose 25 per cent in March from a year earlier to 78,970 cars, reaching an all-time high for global sales in a single month, the Sweden-based group said today.

Volvo Cars, majority-owned by China's Geely Holding, said in a statement sales of fully electric cars were up 43 per cent and accounted for 23 per cent of all sales globally in the month.

Shares in the company rose 4 per cent in early trade on Stockholm's stock exchange.

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Total sales in Europe, Volvo Cars' biggest market, grew 33 per cent, with sales of fully electric cars increasing 66 per cent from a year ago.

In the United States, total sales rose 50 per cent, while sales of fully electric cars declined 66 per cent. ― Reuters

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