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

Green Car Congress

A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. In this respect, it’s very encouraging to see so much investor interest in helping us electrify our fleet and deliver on our climate ambitions. —Carla de Geyseleer, Chief Financial Officer.

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

Green Car Congress

All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040. The bond was oversubscribed three-times, despite challenging global market conditions.

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US$7.5M JOSPEL project to develop energy efficient climate control for EVs; leveraging Joule and Peltier effects

Green Car Congress

A trans-European collaboration aims to develop a novel energy efficient climate control system to help reduce the energy used for passenger comfort in electric vehicles by at least 50%. The aim of the €6.7-million million (US$7.5-million) The aim of the €6.7-million million (US$7.5-million)

Climate 150
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BMW Group to lead €19.5M HyCET project consortium on hydrogen combustion engine trucks

Green Car Congress

Hydrogen is a good energy-storage solution for climate-friendly transportation that can supplement battery-electric mobility. The global multi-energy company TotalEnergies intends to operate up to 150 hydrogen filling stations directly or indirectly in Germany, the Netherlands, Belgium, Luxembourg and France by 2030.

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Ford Pro and Deutsche Post DHL Group collaborate on electrification of last-mile delivery; > 2,000 electric vans by end of 2023

Green Car Congress

Deutsche Post DHL Group, the world’s leading logistics company, is committed to strengthen clean operations for climate protection and will invest €7 billion in the current decade on its path to net-zero emissions logistics.

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15 countries agree to work toward 100% ZEV truck and bus sales by 2040

Green Car Congress

Under the new Global Memorandum of Understanding (MOU) for Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDVs), Austria, Canada, Chile, Denmark, Finland, Luxembourg, Netherlands, New Zealand, Norway, Scotland, Switzerland, Turkey, United Kingdom, Uruguay and Wales are setting an interim goal of 30% zero-emission new vehicle sales by 2030.

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Daimler Trucks & Buses targets completely CO2-neutral fleet of new vehicles by 2039 in Europe, Japan and NAFTA

Green Car Congress

By 2022, Daimler Trucks & Buses plans to include series-produced vehicles with battery-electric drive in its vehicle portfolio in its main sales regions Europe, USA and Japan. At Daimler Trucks & Buses we are clearly committed to the goals of the Paris Climate Protection Agreement and thus to the decarbonization of our industry.

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