Volvo Cars has warned COVID-19 lockdowns in China could hamper its delivery of electric and plug-in hybrid vehicles in the third quarter.
The Swedish carmaker pointed to a shortage of components as a reason for sales in June falling 27 percent compared to the same month last year.
However, the automaker is starting “to see a marked improvement in its manufacturing situation, with the number of cars produced in June being the highest in the year,” according to a statement.
The development marks the latest supply-chain issue to grip the global auto industry.