While the overall quarterly figures reflect a broader contraction, the company reported a sequential improvement in retail deliveries compared to the first three months of the year. The Chinese market, encompassing Hong Kong, Macau, and Taiwan, bore the brunt of the decline with a 35% drop in volume to 24,882 units. Conversely, the Americas saw a 4% increase to 42,630 cars, buoyed by a modest U.S. recovery, while European sales climbed 2% to 104,259.

Electrified models now represent 52% of the company's total global output, driven largely by the EX30 and EX40 SUVs. Chief Commercial Officer Erik Severinson noted that the EX60 is expected to bolster market share in the electric segment as production ramps up through the second half of the year. Despite these gains, the firm faces ongoing headwinds from low consumer sentiment and the expiration of federal EV subsidies in certain regions, which have tempered demand for plug-in hybrids.