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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 €500-million bond was issued under Volvo Cars’ Euro Medium Term Note program.

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

Green Car Congress

More than two-thirds of the proceeds will fund the research and development of electric powertrains for next-generation pure electric Volvo cars as well as related new platform technology, while the rest will be invested in boosting the company’s production capacity of fully electric cars.

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

According to the company, the pickup will be open for pre-orders in the second quarter of 2021, with deliveries starting “as early as 2023.” – March 10, via Green Car Reports. The company recently executed a purchase and sales agreement on an engineering facility in Tunica , according to Yahoo! March 14, via CleanTechnica.

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