Volvo’s revenue increased 30% year-on-year in the third quarter of 2022, despite a drop in sales impacted by ongoing supply issues and lockdowns in China.
The Swedish manufacturer, owned by Chinese automotive giant Geely, sold 138,000 cars from July to September, representing a retail sales decrease of 8% - down from 150,000 units in Q3 2021.
It has subsequently predicted a lower sales volume than it achieved in 2021.
Volvo’s revenue at the end of the quarter stood at SEK 79.3
