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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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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. 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.

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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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VinFast launches VF 3 mini electric car for Vietnam market

Green Car Congress

VinFast launched the VF 3, a mini electric car model designed specifically for the Vietnam market. The VinFast VF 3 is part of the small car segment, specifically classified as a Mini car.

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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

Green Car Congress

The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. H2 Green Steel is building its steel production site in the province of Norrbotten in northern Sweden, close to the Arctic Circle.

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EV Freedom Act proposed to Congress would create national charging network—and jobs

Green Car Reports

While the current Presidential administration remains hostile to nearly any effort to reduce carbon emissions, two members of Congress have introduced a bill to expand electric-car charging infrastructure.

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Volvo Cars global sales up 31% in May; fully electric cars up 196%

Green Car Congress

Volvo Cars reported global sales of 60,398 cars in May, up 31% compared with the same month last year. The company’s fully electric cars were the main contributor to the growth, rising 196% during the period to 10,826 units (). The share of fully electric cars stood at 18%.