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

Green Car Congress

The bond was oversubscribed three-times, despite challenging global market conditions. 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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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 bond issue was oversubscribed 5 times, illustrating both the current market demand for green investment products and the financial community’s strong confidence in Volvo Cars’ strategy.

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Ford Pro and Deutsche Post DHL Group collaborate on electrification of last-mile delivery; > 2,000 electric vans by end of 2023

Green Car Congress

Deutsche Post DHL Group, the world’s leading logistics company, is committed to strengthen clean operations for climate protection and will invest €7 billion in the current decade on its path to net-zero emissions logistics.

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BMW Group to lead €19.5M HyCET project consortium on hydrogen combustion engine trucks

Green Car Congress

The other HyCET project partners are DEUTZ AG, DHL Freight GmbH, KEYOU GmbH, TotalEnergies Marketing Deutschland GmbH and Volvo Group. Hydrogen is a good energy-storage solution for climate-friendly transportation that can supplement battery-electric mobility. H2 is DEUTZ’s first ready-for-the-market hydrogen engine.

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SunMirror AG to acquire Latitude 66 Cobalt

Green Car Congress

SunMirror AG, an exploration company specializing in mineral resources such as gold, lithium, cobalt and other metals and minerals powering future industries, through its wholly owned subsidiary SunMirror Luxembourg S.A., The expected purchase priceis €45 million, payable in cash on closing, and a 2% net smelter royalty on future production.

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15 countries agree to work toward 100% ZEV truck and bus sales by 2040

Green Car Congress

Under the new Global Memorandum of Understanding (MOU) for Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDVs), Austria, Canada, Chile, Denmark, Finland, Luxembourg, Netherlands, New Zealand, Norway, Scotland, Switzerland, Turkey, United Kingdom, Uruguay and Wales are setting an interim goal of 30% zero-emission new vehicle sales by 2030.

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US$7.5M JOSPEL project to develop energy efficient climate control for EVs; leveraging Joule and Peltier effects

Green Car Congress

A trans-European collaboration aims to develop a novel energy efficient climate control system to help reduce the energy used for passenger comfort in electric vehicles by at least 50%. Both objectives will help make the electric vehicles much more energy efficient and marketable. The aim of the €6.7-million million (US$7.5-million)

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