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المشهد العربي
Volvo's sales drop 4% amid low Chinese demand
Volvo's sales declined by 4% during the three months ending in July, due to a slowdown in demand in the Chinese market, despite a recovery in the American market and stable performance in Europe. The company delivered 164,600 cars, compared to 171,900 in the same period of the previous year. Sales of electric and hybrid vehicles grew by 15%, accounting for 53% of global sales, while fully electric vehicle sales increased by 21%, reaching a 27% share of the company's total sales.
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