Volvo Cars reported a 5% decrease in sales compared to last year, with a total of 50,820 cars sold in January, attributing the decline to the timing of the Chinese New Year. The company, majority-owned by China's Geely Holding, highlighted a 17% increase in electrified car sales, which now represent 44% of their total sales. Despite this positive trend, Volvo Cars' stock fell by 2.61% at 0810 GMT, underperforming a 0.6% drop in Stockholm's benchmark index.