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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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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? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

Green Car Congress

The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.

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Polestar announces goal of climate-neutral car by 2030

Green Car Congress

Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. Questions around the long-term carbon-storage capacity of forests and soils remain, as a forest might be logged, devastated by fire or altered by climate change.

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Volvo Cars first carmaker to explore fossil-free steel with SSAB and HYBRIT

Green Car Congress

Volvo Cars is teaming up with Swedish steel maker SSAB to jointly explore the development of fossil-free, high-quality steel for use in the automotive industry. The result is expected to be fossil-free steelmaking technology, with virtually no carbon footprint.

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Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

Green Car Congress

Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. However, a significantly lower carbon footprint is achieved when charging the car with renewable electricity, such as wind power.

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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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