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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.
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.
Volvo Cars is tripling electriccar manufacturing capacity at its plant in Ghent, Belgium as it prepares to meet fast growing demand for its Recharge line-up of chargeable cars. The share of Recharge cars as a percentage of total sales more than doubled in 2020, compared to 2019. in the region for the whole year.
VinFast launched the VF 3, a mini electriccar model designed specifically for the Vietnam market. The VinFast VF 3 is part of the small car segment, specifically classified as a Mini car. Regarding the interior, the VF 3 is designed to be minimalist to optimize the space for five people to sit inside the car.
The Volkswagen Group is expanding its WeShare electriccar sharing project to Hamburg later this week; the pilot project launched in Berlin in 2019. —Philipp Reth, CEO of WeShare, Volkswagen’s car sharing service. We are all the more pleased that things are finally getting underway.
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.
This post focuses on minerals used uniquely in the manufacture of electriccars. The table below lists the weight (in kg) of the minerals used in a typical electriccar and a typical conventional car. Electriccars. Conventional cars. If the latter, what are the source countries?
Volvo Cars reported global sales of 60,398 cars in May, up 31% compared with the same month last year. The company’s fully electriccars were the main contributor to the growth, rising 196% during the period to 10,826 units (). The share of fully electriccars stood at 18%.
by Dr James Jeffs, Senior Technology Analyst at IDTechEx Computer chips have been part of cars for a long time, but no one really cares about them until they stop working or they are late to the production line, grinding manufacturing to an industry-shaking halt. Semiconductor devices found on autonomous electric vehicles.
SEA can accommodate A through E-class vehicles including sedans, SUVs, MPVs, city cars, sports cars, trucks and other future vehicles. The initial market strategy for Zeekr will be focused on the Chinese market as part of Geely but will also explore export opportunities to satisfy global market demand for premium electric vehicles.
Bentley Motors will launch five new electriccars from 2025. From 2025, the first Bentley electric vehicle will be designed, developed and produced at its headquarters in Crewe, England. Moreover, Bentley is investigating using sustainable biofuel in fleet cars, including Bentley’s iconic Heritage Collection.
Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electriccar, the XC40 Recharge P8, later this year. The XC40 Recharge P8 is the first of a family of fully electric Volvos. Volvo XC40 Recharge powertrain.
BMW has begun production of the fully-electric BMW iX1 in Regensburg; all its German plants can now produce electriccars. By 2024, at least one in three BMWs coming out of its Bavarian plants will be an electriccar, said Milan Nedeljkovi?, member of the Board of Management of BMW AG responsible for Production.
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.
When you charge your electriccar matters. Charging when overall demand for electricity is low reduces costs and emissions for the electric grid as a whole. For years, weve advocated for better smart charging programs from our electric utilities to incentivize electric vehicle (EV) owners to charge their cars off-peak.
The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. H2 Green Steel is building its steel production site in the province of Norrbotten in northern Sweden, close to the Arctic Circle.
Following the successful European introduction of the all-electric Mach-E in 2021 and Mach-E GT this year, plus the launch of the E-Transit in the next quarter, Ford today unveiled plans for seven more all-electric vehicles to join the Ford family in Europe—three new passenger vehicles and four new commercial vehicles.
Volvo Cars is integrating and testing wireless charging technology in a live city environment together with selected partners, evaluating its potential for future electriccars. The charging stations used in the test are delivered by Momentum Dynamics, a leading provider of wireless electric charging systems.
Volvo Cars is teaming up with Swedish steel maker SSAB to jointly explore the development of fossil-free, high-quality steel for use in the automotive industry. As part of the collaboration, Volvo Cars will be the first car maker to secure SSAB steel made from hydrogen-reduced iron from HYBRIT’s pilot plant in Luleå, Sweden.
In Stockholm, Volvo Cars unveiled its new fully electric flagship SUV, the 7-seat EX90. Starting with the Volvo EX90, Volvo Cars will reveal one new fully electriccar each year. By 2030, the company aims to sell only fully electriccars.
At least a couple of presidents have been drivers of electriccars, but they're not all in the recent past. Long before Ike became perhaps the 20th century's most famous general, Eisenhower drove around in an early electriccar that belonged to his in-laws.
Car and ride-hailing emissions are per trip-mile, regardless of how many people are in the vehicle on the same trip, but emissions are adjusted for pooled trips. UCS experts recommend that companies encourage the use of electriccars by offering attractive electric vehicle lease rates to drivers who lease vehicles for use on their platforms.
Volvo Cars reported global sales of 51,286 cars in February, up 22% compared to the same month last year and a record for the month of February. The sales growth was led by the company’s Recharge line up of fully electric and plug-in hybrid cars. China sales reached 13,066 cars, up 50% compared with February last year.
The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. Hydropower station dam in Chengdu.
Rolls-Royce Motor Cars unveiled Spectre, its “Ultra-Luxury Electric Super Coupé” that is the successor to the Phantom Coupé. This incredible motor car, conceived from the very beginning as our first fully-electric model, is silent, powerful and demonstrates how perfectly Rolls-Royce is suited to electrification.
Volvo Car Group, including its strategic affiliates Lynk & Co and Polestar, produce vehicles based on the Compact Modular Architecture (CMA) platform, introduced in 2017. The CMA platform is the foundation for the new Volvo XC40 Recharge; the first of Volvo’s fully-electric Recharge range.
Volvo Cars is introducing a range of updates to its entire car line-up, the most prominent of which is an exterior refresh of its fully electric XC40 Recharge. The company also unveiled a single electric motor variant of the pure electric C40 Recharge. C40 Recharge.
A6 and S6 Sportback E-Tron electriccars arrive in North America next spring or summer The first cars using Audi's new platform cut a sharp shape A 94.9-kwh
In the first half of 2022, motors with oil cooling became the dominant form in the electriccar market, taking 50% market share, according to a report from IDTechEx. Oil cooling became the dominant form of motor cooling for electriccars in 2022.
Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My million cars and light trucks sold in the United States in 2019 accounted for only 6.7% of all registered cars and light trucks in 2019.). by Michael Sivak, Sivak Applied Research.
Every year, Netherland-based student company TU/ecomotive produces an electriccar with a team of 21 BA students from the Eindhoven University of Technology, with the aim of showing the world that a hypothetical, sustainable car of the future can be a reality today. Luca, the world’s first Zero-Waste car.
A 20% increase in UK-generated electricity would be required to charge the current 252.5 billion miles to be driven by UK cars. The challenges set out in the letter are: The metal resource needed to make all cars and vans electric by 2050 and all sales to be purely battery-electric by 2035.
Volvo Cars reported sales of 162,938 cars for Q1 2023, up 10% compared to the same period last year. The sales growth was mainly led by the company’s fully electriccars. For the month of March, Volvo Cars sold 63,132 cars globally, up 8% compared with the same month last year.
Hybrid cars will no longer qualify as "green" vehicles on Uber's rideshare service in Australia after the tech giant announced changes to prioritise electriccars on its platform. The post Uber punts hybrid cars from “green vehicle” scheme, to focus on battery electrics appeared first on The Driven.
At IAA Mobility 2021 in Munich, Porsche is presenting the Mission R concept electriccar that combines advanced technologies and sustainable materials, such as natural fibre-reinforced plastics, with a passion for racing. The electric motor on the front axle produces up to 320 kW (435 PS) in race mode.
Rapidly moving towards becoming a fully electriccar company, Volvo Cars is bringing battery cell technology development and production closer to home and aims to tailor its future batteries to the needs of its customers: a longer range and faster charging times. —Henrik Green, chief technology officer.
Ferrari is prepping its first EV The new electriccar will be built at its own newly-built factory in Maranello Ferrari plans for most of the factory's power to come from sustainable sources Ferrari recently unveiled an expansion of its factory to accommodate production of the automaker's first EV.
Researchers at the Paul Scherrer Institute have developed a web tool called the Carculator that can be used to compare the environmental performance of passenger cars in detail. The entire life cycle of the passenger cars is taken into account, including the manufacture of the vehicles and the environmentally relevant emissions from driving.
As its CEO Frank-Steffen Walliser recently told Car and Driver "what we see in the luxury market right now (is that) people reject electriccars." Wealthy consumers "consider luxury cars only with a combustion engine," the executive claimed. In 2020, Bentley.
Citroën unveiled a new all-electric concept car called oli , an exercise in weight reduction and resource usage. With speed limited to 110 km/h (68 mph) and acceleration close to the classic 2CV model, the concept car gains a wider range and significantly improved battery lifespan.
We've already brought you vehicles like the Acura ZDX, Honda Prologue, and Chevrolet Equinox EV. We've driven them, but now it's time to preview vehicles we know to be in the pipeline, but haven't had hands-on time with just yet. These vehicles due in the next two model years represent the next wave: Those planned before $7,500 tax breaks and.
In Germany, the Volkswagen brand also offers a suitable electricity supply contract with “Volkswagen Naturstrom”, to guarantee fully certified greenelectricity from renewable energies. Electricity tariffs and algorithms already make it possible to charge the car at the point at which a lot of renewable energy is available.
Volvo Cars has opened order books for the XC40 Recharge P8 AWD ( earlier post ), the company’s first fully electriccar which is based on the best-selling SUV, in selected markets. The Recharge car line is the name for all Volvos with a fully electric and plug-in hybrid powertrain.
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