Volvo’s revenue in 2023 was 399.3 billion Swedish kronor.

  [car home Information] Recently, Volvo announced its company performance in 2023. In 2023, Volvo’s operating income was 399.3 billion Swedish kronor (about 274.4 billion RMB), an increase of 21%. In 2023, the profit (excluding joint ventures and associated companies) was 25.6 billion Swedish kronor (about 15.6 billion RMB), and the annual profit increased by 43%. In the second half of 2023, the gross profit margin of Volvo’s electric vehicles increased fourfold compared with the end of 2022, reaching 13%.

Volvo Asia Pacific Volvo S60 2024 B4 Zhiyuan Sports Edition

"Volvo S60』"

  Volvo also announced its performance in the fourth quarter of 2023. In the fourth quarter, the company’s operating income was 109.4 billion Swedish kronor (about 75.2 billion yuan). The profit in the fourth quarter of 2023 (excluding joint ventures and associated companies) was 6.7 billion Swedish kronor (about 4.6 billion RMB). In addition, this time it was announced that the sales volume of Volvo pure electric vehicles in 2023 was 113,419, an increase of 70% over 2022, accounting for 16% of its total global sales. In the fourth quarter of 2023, Volvo’s pure electric vehicle sales also accounted for 16% of the total global sales.

Volvo Asia Pacific Volvo C40 2024 Long Life Edition

"Volvo C40』"

  Previously, Volvo Cars released global sales data in 2023, with a total sales of 708,700 new cars, up 15% year-on-year. In December, 76,000 new cars were sold worldwide, a year-on-year increase of 5%. In 2023, Volvo sold 170,000 new cars in China, up 5% year-on-year, among which the sales of new energy vehicles increased by 26% year-on-year.

Volvo Asia Pacific Volvo XC60 2024 B5 four-wheel drive Zhiyi Deluxe Edition

"Volvo XC60 ()"

  From the perspective of the global market, in 2023, Volvo’s car sales in Europe reached 294,700, a year-on-year increase of 19%, of which new energy vehicles accounted for 59% of the car sales in the European market. In 2023, Volvo sold 128,700 vehicles in the United States, up 26% year-on-year, and new energy vehicles accounted for 28% of the sales in the US market.

Volvo Asia Pacific Volvo XC40 2024 B4 four-wheel drive Zia Sports Edition

Volvo XC40』

Volvo (imported) Volvo XC90 2024 B6 Zhiyi Deluxe Edition 7 Block

Volvo XC90』

  In terms of models, Volvo XC60 became Volvo’s best-selling model, with global sales of 228,600 vehicles in 2023, up 17.05% year-on-year; Followed by XC40, the global sales volume in 2023 was 200,600 units, an increase of 18.59% year-on-year; The third is XC90, with a global sales volume of 107,500 vehicles in 2023, up 10.73% year-on-year. (Compile/car home Yan Huan)