Volvo Cars (VOLCAR B:STO)* today reported global sales of 171,501 cars in the second quarter of 2026, down 5.6% from Q2 last year. This is partially due to the difficult operating environment across regions, especially in China, that global automakers are enduring along with the Trump mis-administration tax, trade and foreign policy strategies. [Part of the solution to the Chinese problem is that Chinese owned Volvo cars can export Chinese EVs to global markets, which it is increasingly doing – AutoCrat.]

“Overall market conditions remain challenging, specifically in China, but we are encouraged by the momentum for the fully electric cars in our largest market Europe,” said Erik Severinson, Chief Commercial Officer at Volvo Cars. “We see increased deliveries and order intake for our EX30, even in less electrified South European markets. This is reflected in our higher market share in the growing electric car segments compared to traditional petrol and diesel cars.”

“The EX60 will further strengthen our share in the growing fully electric segment and continues to surpass expectations with robust customer orders. We expect increased interest in the car as customers will now be able to experience it in our showrooms as we start the first deliveries. We are now gearing up to ramp up production in the second half of the year.”

Overall, electrified models – fully electric and plug-in hybrid cars – represented 52% of all cars sold during the quarter,” said Severinson. [During 2025, Volvo Cars sold more than 710,000 cars, with an electrified share of 46% – AutoCrat.]