Remove Emissions Remove Financing Remove Luxembourg Remove Supplies
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. The settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange.

Volvo 514
article thumbnail

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.

Companies 231
article thumbnail

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. The project is co-financed by Life+, the EU’s financing program for environmental projects.

Plug-in 362
article thumbnail

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. per share.