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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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Volvo Cars all-electric sales climb to 19% of all sales in February

Green Car Congress

The sales growth was led by the company’s Recharge line up of fully electric and plug-in hybrid cars. Sales of Volvo Cars’ Recharge models made up 40% of all Volvo cars sold globally during the month. In February 2022, the share of all-electrics was only 8% (3,338 units out of 42,067).

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BMW starts production of iX1 in Regensburg; all German plants can now produce electric cars

Green Car Congress

BMW has begun production of the fully-electric BMW iX1 in Regensburg; all its German plants can now produce electric cars. By 2024, at least one in three BMWs coming out of its Bavarian plants will be an electric car, said Milan Nedeljkovi?, The high-voltage battery in the BMW iX1 also comes from Regensburg.

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Volvo Cars launches all-electric Volvo C40 Recharge; all cars to be pure electric by 2030

Green Car Congress

Volvo Cars launched the battery-electric Volvo C40 Recharge; based on the CMA vehicle platform it is the first Volvo model designed as pure electric only. Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

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BMW unveils new X1 with all-electric and PHEV variants

Green Car Congress

These will link up with a seven-speed Steptronic transmission with double clutch as standard, and their drive power will be channelled to the road via either the front wheels or the BMW xDrive intelligent all-wheel-drive system, depending on the model. All-electric BMW iX1 xDrive30. BMW iX1 – Gen5 BEV Technology.

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Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

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

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. 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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