article thumbnail

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

Green Car Congress

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. The successful placement shows that there is still a demand for sustainable investment opportunities, the company said.

Volvo 329
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. As a first tangible step towards its 2040 vision the company aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.

Volvo 514
article thumbnail

SAIC introduces large electric panel van in Europe: Maxus EV80

Green Car Congress

The Maxus EV80 van has become the first fully electric large panel van on European roads, ahead of the brand’s full launch in 2019. SAIC Mobility Europe was formally established in Luxembourg. In 2015, the company ranked 46 th on the annual Fortune Global 500 list, with $106.68 SAIC Motor sold 6.49 billion in revenues.

Europe 186
article thumbnail

This Dutch City Is Road-Testing Vehicle-to-Grid Tech

Cars That Think

One is Robin Berg, who started a company called. It has evolved into a car-sharing fleet operator with 225 electric vehicles of various makes and models—mostly Renault Zoes , but also Tesla Model 3s , Hyundai Konas , and Hyundai Ioniq 5s. That led to more contacts, including at the company managing the local low-voltage grid, Stedin.

Grid 92
article thumbnail

Arrival and Uber to collaborate on EV for ride-hailing industry; based on Small Vehicle Platform

Green Car Congress

Commercial electric vehicle company Arrival is partnering with Uber to develop an affordable, purpose-built electric vehicle (EV) for ride-hailing drivers. Arrival went public in March; the Arrival Car is the realization of the Small Vehicle Platform (SVP) referenced in the company’s Investor Deck.

London 186
article thumbnail

BMW eDrive Zones for PHEVs now available in 138 European cities

Green Car Congress

As electric mobility gathers pace, the BMW Group has consciously opted for fully electric models and plug-in hybrid technology. The company offers a total of 17 plug-in hybrid models in 95 markets worldwide. A BMW 3 Series Plug-In Hybrid can be charged almost 250,000 times from this amount.

BMW 186
article thumbnail

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.

Kia 52