STOCKHOLM, Oct 13 (Reuters) – Truck maker AB Volvo (VOLVb.ST) mentioned on Wednesday it had produced a prototype of what it mentioned could be the world’s first autos manufactured from fossil-free metal.
Volvo, which goals to be climate-neutral by 2040, mentioned the primary idea machine was a load service to be used in mining and quarrying.
“This initiative with SSAB units the benchmark for a fossil-free future,” Volvo CEO Martin Lundstedt mentioned in an announcement.
Volvo added that smaller-scale collection manufacturing was deliberate by 2022, with mass manufacturing to comply with.
SSAB, state-owned utility Vattenfall (VATN.UL) and miner LKAB mentioned in August that fossil-free metal had been delivered to Volvo as a trial run earlier than their inexperienced metal enterprise HYBRIT begins full business manufacturing in 2026. read more
Volvo Vehicles, owned by China’s Geely Holding (GEELY.UL) which additionally has a stake in AB Volvo, goals to be absolutely electrical by 2030 and can be working with SSAB to discover using fossil-free metal within the automotive trade. read more
A ‘inexperienced’ shift within the transport sector, which generates roughly 1 / 4 of world carbon dioxide emissions, is extensively seen as necessary to assist align with international local weather targets.
(This story corrected headline to Volvo Group from Volvo Vehicles)
Reporting by Helena Soderpalm; Modifying by Simon Johnson and Johan Ahlander
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