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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 settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange.

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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

Green Car Congress

Now, the EIB’s financing will help it to develop and install a set of larger machines to demonstrate the first-of-its-kind production of the anode material at industrial scale. This financing is supported by the InnovFin Energy Demonstration Projects of the European Commission, funded by EU’s research & innovation framework program.

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Field test shows Volvo Buses’ plug-in hybrid reduces fuel consumption by 81% and energy consumption by 61%; 21 mpg

Green Car Congress

The conventional hybrid offers up to 37% fuel savings compared to a diesel version and 40-50% lower exhaust emissions. Hamburg and Luxembourg have already signed contracts for supplies of the buses in 2014 and 2015. Volvo Buses plans to commence commercial manufacture of plug-in hybrids towards the end of 2015.

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Tesla delivered ~5,500 Model S worldwide in Q3, more than 1,000 to European customers; non-GAAP profit narrows and GAAP loss widens from Q2

Green Car Congress

Tesla introduced its lease-sale hybrid financing product for the Model S through one of the company’s specified banking partners at the beginning of Q2. Non-GAAP automotive gross margin (excluding zero emission vehicle or ZEV credits) rose to 21% from 14% last quarter. The company is now producing 550 cars per week.

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

EV Adoption

Mullen Technologies aims to bring more than 400 jobs to Memphis, invest $336 million – Electric vehicle manufacturer Mullen Technologies is looking to expand into Memphis, creating more than 400 jobs in the process. That facility was previously used by electric car manufacturer Green Tech Automotive. March 14, via CleanTechnica.

Kia 52