{"id":626648,"date":"2023-02-03T08:10:08","date_gmt":"2023-02-03T08:21:16","guid":{"rendered":"https:\/\/omni48.com\/?p=626648"},"modified":"2023-02-13T08:03:18","modified_gmt":"2023-02-13T08:03:18","slug":"chinese-new-year-slows-volvo-cars-sales-growth-in-january","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/chinese-new-year-slows-volvo-cars-sales-growth-in-january","title":{"rendered":"Chinese New Year slows Volvo Cars&#8217; sales growth in January"},"content":{"rendered":"<p>Companies STOCKHOLM, Feb 3 (Reuters) &#8211; Sweden-based Volvo Car AB (VOLCARb.ST) said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to public holidays. Volvo Cars, which is majority-owned by China&#8217;s Geely Holding (0175.HK), said the increase at group level was led by markets such as Britain, Italy and Belgium while in China sales fell 20% due to the timing of the Chinese New Year. Its shares fell 3% on the news in early trade. In 2022, the Chinese New Year fell in February. It said fully electric vehicles accounted for 16% of total sales. Recharge models, also including those not fully electric, accounted for 41%. In December, the car sales growth stood at 13%. In 2022, sales were down 12% for the full year. Our Standards: The Thomson Reuters Trust Principles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STOCKHOLM, Feb 3 (Reuters) &#8211; Sweden-based Volvo Car AB (VOLCARb.ST) said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,1],"tags":[],"class_list":["post-626648","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/626648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=626648"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/626648\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=626648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=626648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=626648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}