Remove All-Electric Remove Financing Remove Luxembourg Remove Market
article thumbnail

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

Green Car Congress

The bond was oversubscribed three-times, despite challenging global market conditions. 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.

Volvo 329
article thumbnail

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

Green Car Congress

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. The settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange.

Volvo 514
article thumbnail

Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram. Methodology.

article thumbnail

Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

Green Car Congress

MW of electricity on average. Vulcan will formally take over the plant from 1 January 2022 and will retain all existing local employees as part of the transition. The plant is producing 2.9 Vulcan expects the Insheim Plant will be a source of revenue, as it reported sales of €5.8 million and an EBITDA of €2.9 Brine offtake.

Carbon 243
article thumbnail

Tesla delivered ~5,500 Model S worldwide in Q3, more than 1,000 to European customers; non-GAAP profit narrows and GAAP loss widens from Q2

Green Car Congress

On a total unit basis, that exceeded the second quarter’s 5,150 models which went to the North America market. Tesla introduced its lease-sale hybrid financing product for the Model S through one of the company’s specified banking partners at the beginning of Q2. Nearly a third of all Model S cars have been supercharged at least once.

article thumbnail

Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. Honda of America sales chief Dave Gardner told reporters one of the electric SUVs will be from the Honda brand, while the other will be an Acura.

Kia 52