Volvo Cars will become the first car maker to implement global traceability of cobalt used in its batteries by applying blockchain technology. The announcement follows the reveal last month of the company’s first fully electric car, the XC40 Recharge.
Future Volvo customers will need to answer one fundamental question: do you want a new Volvo with a cord or without one? Today, Volvo Cars introduces the XC40 Recharge, the company’s first ever fully electric car and the first model to appear in its brand-new Recharge car line concept.
Volvo Cars today launches one of the most ambitious plans in the automotive industry, aiming to reduce its lifecycle carbon footprint per car by 40 per cent between 2018 and 2025. This is the first, tangible step towards Volvo Cars’ ambition of becoming a climate-neutral company by 2040.