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

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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.).

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

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The Vulcan team remains focused on developing our world-first dual renewable energy and Zero Carbon Lithium business, with phase 1 production to supply the EU battery market targeted for CY2024. —Vulcan’s Managing Director Dr. Francis Wedin. Brine offtake.

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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. Tesla also continues to supply full electric powertrains to Toyota for the RAV4 EV. Electric (Battery) Sales' The company is now producing 550 cars per week. per share.