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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. The financial community has a critical role to play in supporting sustainable development, including the transition to a low carbon economy.

Volvo 514
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

Green Car Congress

Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. It will be based on a wide network of partners from all sectors and will revolve around 4 poles of activity, putting into practice the principles of the circular economy at each stage of the vehicle life cycle and mobility.

Economy 397
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Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

Green Car Congress

Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.

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Using blockchain traceability to build a circular battery economy

Green Car Congress

of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility? That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030.

Economy 330
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ProLogium to build €5.2B gigafactory for solid-state batteries in France

Green Car Congress

Taiwan-based ProLogium has chosen France as the location for its first large-scale solid-state battery manufacturing facility outside of Taiwan. This major investment project aims to facilitate supply chain localization, R&D activities, and the manufacturing of next-generation batteries in Europe for ProLogium.

France 540
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Government of Québec launches $6.7B 2030 Green Economy Plan; emphasis on transportation electrification

Green Car Congress

The Premier of Québec François Legault, and the Minister of the Environment and the Fight against Climate Change and Minister responsible for the Laval region, Benoit Charette, unveiled the 2030 Green Economy Plan (PEV 2030) and its first 2021-2026 implementation plan, with an envelope of $6.7 billion over five years. A target of 1.5

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EPA: preliminary data show average fuel economy of new light-duty vehicles reached a record high of 25.7 MPG in 2020

Green Car Congress

Preliminary data in EPA’s 2020 Automotive Trends Report shows average fuel economy for model year 2020 light-duty vehicles increased to 25.7 If this preliminary data holds, that will be a new record high for average new light-duty vehicle fuel economy. From 2005–2020 average fuel economy rose by 29%. Fuel economy decreased by 0.2