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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. 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.

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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. In 2020, Volvo Cars established a Green Finance Framework in alignment with the ICMA Green Bond Principles.

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

EV Adoption

Another crazy week in the world of EVs, with lots of announcements on the automaker and battery front. 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. Batteries and Charging.

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