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<blockquote data-quote="Weather Man" data-source="post: 16604209" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3680206-volvo-group-collaborated-with-ssab-to-develop-worlds-first-vehicles-of-fossil-free-steel" target="_blank">Volvo Group collaborated with SSAB to develop world's first vehicles of fossil-free steel</a></p><ul> <li data-xf-list-type="ul">Volvo Group (<a href="https://seekingalpha.com/symbol/VLVLY" target="_blank">OTCPK:VLVLY</a>) and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world's first vehicles to be made of <a href="https://seekingalpha.com/pr/18263067-volvo-group-and-ssab-to-collaborate-on-worlds-first-vehicles-of-fossil-free-steel" target="_blank">fossil-free steel</a>.</li> <li data-xf-list-type="ul">Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen this year..</li> <li data-xf-list-type="ul">Smaller-scale serial production to start during 2022, followed by mass production.</li> <li data-xf-list-type="ul">"We are determined to be a climate-neutral company by 2050 in line with the Paris Agreement. This means that our vehicles and machines will be emission-free when in operation but also that we will review the materials, like steel, used in our products and will gradually switch to fossil-free alternatives here as well. This is an important step on the road to completely climate-neutral transports," says Martin Lundstedt, President and CEO at Volvo Group.</li> <li data-xf-list-type="ul">SSAB aims to start supplying the market with fossil-free steel at a commercial scale in 2026.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16604209, member: 137766"] [URL='https://seekingalpha.com/news/3680206-volvo-group-collaborated-with-ssab-to-develop-worlds-first-vehicles-of-fossil-free-steel']Volvo Group collaborated with SSAB to develop world's first vehicles of fossil-free steel[/URL] [LIST] [*]Volvo Group ([URL='https://seekingalpha.com/symbol/VLVLY']OTCPK:VLVLY[/URL]) and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world's first vehicles to be made of [URL='https://seekingalpha.com/pr/18263067-volvo-group-and-ssab-to-collaborate-on-worlds-first-vehicles-of-fossil-free-steel']fossil-free steel[/URL]. [*]Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen this year.. [*]Smaller-scale serial production to start during 2022, followed by mass production. [*]"We are determined to be a climate-neutral company by 2050 in line with the Paris Agreement. This means that our vehicles and machines will be emission-free when in operation but also that we will review the materials, like steel, used in our products and will gradually switch to fossil-free alternatives here as well. This is an important step on the road to completely climate-neutral transports," says Martin Lundstedt, President and CEO at Volvo Group. [*]SSAB aims to start supplying the market with fossil-free steel at a commercial scale in 2026. [/LIST] [/QUOTE]
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