Volvo Unveils World's First Vehicle Using Fossil-free Steel

(RTTNews) - Volvo Group (VOLVY.PK) on Wednesday launched the World's first vehicle using fossil-free steel.

The company unveiled a load carrier for use in mining and quarrying, made of fossil-free steel from SSAB, at a green steel collaboration event on October 13, 2021, in Gothenburg hosted by Martin Lundstedt, President and CEO Volvo Group.

During the event, the company said more vehicles and components using fossil-free steel from SSAB are expected to follow in 2022.

"This initiative with SSAB sets the benchmark for a fossil-free future. Just as the nations of the world come together at COP26 to address climate change, so too must organizations and industries work in collaboration to develop innovative new solutions for a greenhouse gas emission free future," said Martin Lundstedt, President and CEO Volvo Group.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.