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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. The €500-million, 6-year fixed rate senior unsecured green bond was issued under Volvo Cars’ Euro Medium Term Note program.

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Norwegian startup Blastr plans €4B green steel plant in Finland

Green Car Congress

Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. Inkoo power plant.

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Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News

Green Car Reports

EV battery production for BMW is setting up south of the border. This and more, here at Green Car Reports. BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and. Ram aims to scale up its hydrogen fuel-cell muscle.

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Hyundai hybrids, Emily GT, Polestar battery test, charger reliability: Today’s Car News

Green Car Reports

Polestar tests a different kind of battery at the charger. This and more, here at Green Car Reports. Hyundai reneges on the promise of an all-EV plant. Federal researchers see ways to make fast-charging more reliable. And the EV with Saab roots might be made in Italy.

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WPI team develops green closed-loop process for recycling lithium from Li-ion batteries

Green Car Congress

An open-access paper on the work is published in the RSC journal Green Chemistry. In 2019, 65% of lithium consumption was for battery applications, a 30% increase from 2015, resulting in the most significant source of lithium consumption. For example, a single car LIB pack based on LiNi 0.5 O 2 contains around 8 kg of lithium.

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