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Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant

Green Car Congress

Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. Volvo XC40 Recharge powertrain. The XC40 Recharge P8 is the first of a family of fully electric Volvos.

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Volvo and Danfoss introduce first 24-hour e-truck fleet

Green Car Congress

Volvo has delivered three heavy-duty line-haul electric trucks to Danfoss. The delivery of the three e-trucks is part of a larger partnership between Volvo Trucks and Danfoss, focusing on pioneering sustainable electric transport operations. Nine fully electric Volvo trucks are set to be in operation before 2024.

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Volvo Cars launches all-electric Volvo C40 Recharge; all cars to be pure electric by 2030

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Volvo Cars launched the battery-electric Volvo C40 Recharge; based on the CMA vehicle platform it is the first Volvo model designed as pure electric only. Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

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Volvo Car Group and Northvolt to form JV for battery development & production for Volvo, Polestar EVs

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Volvo Car Group intends to establish a joint venture with Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars. —Håkan Samuelsson, chief executive at Volvo Car Group. “.

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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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Maersk purchases 25 Volvo FH Electric trucks for container transports in Germany

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Maersk has purchased 25 Volvo FH Electric trucks in Germany. Volvo’s FH Electric offers battery capacities from 180 - 540 kWh (2-6 battery packs), supporting a range of up to 300 km (4x2 tractor trailer). The first two units are planned to be delivered by Volvo Trucks in Q4 2023, the last in Q1 2024.

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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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