Table of Contents
Polestar 0 Project: a Fully Climate-Neutral Car!
- Cleaner car parts are being sought by the electric vehicle manufacturer.
- By 2030, the Swedish business hopes to have a climate-neutral car.
The Swedish company said on Wednesday that it has inked letters of intent to collaborate on fossil-free steel with SSAB AB, zero-carbon aluminum with Norsk Hydro ASA, and emissions-free airbags and seat belts with Autoliv. ZF in Germany is working on powertrains, and ZKW Group is working on electrical control systems and wiring.
Rather than planting trees to offset emissions, the objective is to build a climate-neutral car by 2030 by removing carbon from production and the supply chain.
In a statement, Chief Executive Officer Thomas Ingenlath stated, “We are utilizing innovation and teamwork to confront the climate issue.”
Additional suppliers, researchers, and investors are invited to join the initiative, according to Volvo Cars AB and its Chinese owner Zhejiang Geely Holding Group Co.
Polestar, which hopes to go public this year in a $20 billion reverse merger with a blank-check corporation, wants to sell 290,000 cars by the middle of the decade, up tenfold from last year. Tesla Inc., the industry leader, delivered almost 936,000 automobiles in 2021.