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

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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
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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

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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
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Field test shows Volvo Buses’ plug-in hybrid reduces fuel consumption by 81% and energy consumption by 61%; 21 mpg

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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. A demo project that will bring eight more plug-in hybrid buses into service will commence next year in Stockholm.

Plug-in 362
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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

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The Vulcan team remains focused on developing our world-first dual renewable energy and Zero Carbon Lithium business, with phase 1 production to supply the EU battery market targeted for CY2024. —Vulcan’s Managing Director Dr. Francis Wedin. Brine offtake.

Carbon 243
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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

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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. Tesla also continues to supply full electric powertrains to Toyota for the RAV4 EV. The company is now producing 550 cars per week. GAAP and non-GAAP reporting. per share.