JAKARTA - Volvo Car Group's monthly sales in April fell 24.8 percent compared to the same period last year due to the lockdown in China and supply chain problems that hampered production.
Quoted from Reuters on Wednesday, May 4, sales in China fell 47.8 percent in April, while those in the United States fell 9.2 percent and Europe fell 23.3 percent.
"In April, the lockdown in China due to COVID-19 had an impact on retail shipments and added challenges to an already weakened global supply chain. This resulted in the loss of additional production," Volvo said in a statement.
However, the Gothenburg, Sweden-based company said demand remained strong and the share of electric cars as a whole rose to 10 percent from 9 percent in March.
It is known, Vovo has a target that 50 percent of its sales are pure electric cars by the middle of this decade.
Last week, Volvo also reported earnings that topped forecasts despite a chip shortage and higher production costs due to the war in Ukraine.
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