Remove Battery Remove Financing Remove Luxembourg Remove Manufacturer
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

Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

Green Car Congress

LeydenJar , a Dutch developer of ultra-thin, pure silicon battery anodes, has secured the funding to build its first factory to produce silicon anode foil. Now, the EIB’s financing will help it to develop and install a set of larger machines to demonstrate the first-of-its-kind production of the anode material at industrial scale.

Companies 231
article thumbnail

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

Green Car Congress

The bond matures on 31 May 2028, pays a fixed coupon of 4.25%, equivalent to 291 basis points above mid-swap, and will be listed on the Luxembourg Stock Exchange. In 2020, Volvo Cars established a Green Finance Framework in alignment with the ICMA Green Bond Principles.

Volvo 329
article thumbnail

Field test shows Volvo Buses’ plug-in hybrid reduces fuel consumption by 81% and energy consumption by 61%; 21 mpg

Green Car Congress

The field test in Gothenburg began in June 2013 and includes three plug-in hybrid buses, the batteries of which are rapidly recharged at the terminals. The plug-in versions have a larger battery pack, making it possible to drive up to 7 km using electricity only—about 70% of the route distance. Earlier post.).

Plug-in 362
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

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. Musk said that Model S gross margin may continue to make slight improvements over the next several quarters as Tesla continues to drive down manufacturing costs. per share.

article thumbnail

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.

Kia 52