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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

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
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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. It is available initially to fleets in France, Germany, Austria and Benelux, with other markets to follow soon. SAIC Mobility Europe was formally established in Luxembourg. SAIC Motor sold 6.49

Europe 186
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This Dutch City Is Road-Testing Vehicle-to-Grid Tech

Cars That Think

Market watchers have seen a parade of “just about there” moments for vehicle-to-grid technology. The key force behind the changes taking place in this windswept Dutch city is not a global market trend or the maturity of the engineering solutions. One is Robin Berg, who started a company called. Patrick van Katwijk/Getty Images.

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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
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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. The company offers a total of 17 plug-in hybrid models in 95 markets worldwide.

BMW 186
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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.

Kia 52