Volvo Car AB
| Date: | 4.9.2025 |
|---|---|
| Country: | Sweden |
| Customer: | Volvo Car AB |
| Amount in EUR: | EUR 150 million |
| Maturity: | 8 years |
| Business sector: | Industry & Real Estate |
Project
The loan has been provided for research and development investments in the new vehicle platform for battery electric vehicles called SPA3 (scalable product architecture three), and the new EX60 model, during 2024-2026.
Fulfilment of NIB's mandate
Productivity
Volvo Cars expects the new SPA3 platform will be a transformative step towards a product that fulfils the requirements of a modern BEV. A significant part of the engineering is software, which has not traditionally been such a significant development cost item for the company.
Environment
The investment in the SPA3 platform allows Volvo to accelerate its offering and thus increase its market share with potential to save significant amounts of greenhouse gas emissions over the lifetime compared to current hybrid models.
NIB’s own conservative estimate suggests the life cycle saving will be as much as hundreds of thousands of tonnes of GHG emissions annually.
Sustainability summary
No concerns identified.
