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04.06.2024

News

REUTERS: Volvo to issue world's first EV battery passport ahead of EU rules

LONDON, June 4 (Reuters) - Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.

The passport was developed by Volvo (VOLCARb.ST) which is owned by China's Geely (GEELY.UL), in partnership with UK startup Circulor, which uses blockchain technology to map supply chains for companies, and took over five years to develop.


Read the full article on Reuters.com

"Circulor's system traces battery materials from the mine to individual cars, piggybacking on suppliers' production systems to track materials throughout the supply chain and checking suppliers' monthly energy bills - and how much of their energy comes from renewable sources in order to calculate a total carbon footprint."

Nick Carey