aluminium exhibition | Volvo's Plan to Use Near-Zero Emission Aluminum to Accelerate Emission Reduction Goals

According to recent news from the aluminium exhibition, Volvo Cars announced its plans to accelerate its climate action program, aiming to reduce CO2 emissions per car by 40% between 2018 and 2025.

The company sets a more ambitious target to reduce CO2 emissions per car by 75% by 2030, based on 2018 levels, and plans to achieve climate neutrality before 2040. In the first nine months of 2023, the total CO2 emissions from Volvo-produced cars were 19% lower than the 2018 baseline. To achieve the 2030 target of a 75% reduction, the company emphasizes the need to continue efforts towards its existing goal of selling only fully electric vehicles by 2030.

Furthermore, Volvo Cars announced its membership in the World Economic Forum's First Movers Coalition (FMC) and will adopt emerging clean technologies that support the transition to near-zero emission aluminum.

Volvo Cars has also signed a "Sustainable Aluminum Value Chain Cooperation Memorandum of Understanding" with a company in Yunnan. Following the signing, both parties will deepen cooperation in responsible supply chains and green aluminum lifecycle assessments. This collaboration aims to advance the application of sustainable aluminum in car production, helping both parties achieve their carbon peak and neutrality goals sooner.

As sustainable pioneers in their respective fields, this collaboration between Volvo Cars and the Yunnan company represents a vivid practice of carbon reduction synergy along the industrial chain. It signifies a collective effort to build a green, low-carbon automotive aluminum supply chain and lower carbon cooperation. This partnership is also a new model for the global automotive industry to practice sustainable industrial development, creating a full chain of low-carbon products that reach the market and consumers.