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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 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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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

Green Car Congress

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.

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VinFast launches VF 3 mini electric car for Vietnam market

Green Car Congress

VinFast launched the VF 3, a mini electric car model designed specifically for the Vietnam market. The VinFast VF 3 is part of the small car segment, specifically classified as a Mini car.

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Vingroup’s Ambitious Green Vision Finds a New Frontier in Indonesia

CleanTechnica EVs

continued] The post Vingroups Ambitious Green Vision Finds a New Frontier in Indonesia appeared first on CleanTechnica. The meeting last.

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Volvo Cars to triple electric car production capacity in Ghent after strong year of electrified car sales

Green Car Congress

Volvo Cars is tripling electric car 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 plant already builds the XC40 Recharge, the company’s first fully electric car, as well as a plug-in hybrid version of the XC40.

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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?, member of the Board of Management of BMW AG responsible for Production.

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