Titanium Media App reported on April 28 that Volvo Car’s financial report for the first quarter of 2022 showed that Q1 revenue was SEK 74.3 billion, up from SEK 68.6 billion in the same period last year, an increase of 8% year-on-year; operating profit in the first quarter was 6 billion SEK, operating margin of 8.1%. Volvo Cars Recharge model sales accounted for 34% of the total sales in the first quarter, of which the sales of pure electric models accounted for 8%, a record high. Under the predicament of the tight global auto supply chain, Volvo Cars' total global sales in the first quarter reached 148,295 units, and it is expected that the supply chain problems will improve in the second half of this year, and the sales in 2022 will continue to grow compared with 2021.
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