Volvo and battery giant CATL are teaming up to turn old EV batteries into new ones. The partnership aims to further reduce the carbon footprint of EVs by recycling key battery materials.
As one of the first legacy automakers to commit to an all-electric future, Volvo is already making massive strides to reduce its carbon footprint.
In fact, Volvo’s last diesel-powered car rolled off the production line last month as the automaker looks toward a cleaner future.
Last year was a “key milestone” for Volvo, according to CEO Jim Rowan. Volvo sold over 113,000 fully electric vehicles in 2023, up 70% compared to 2022. Electric cars accounted for 16% of Volvo’s total vehicle sales in 2023, but this year is expected to be even bigger.
Rowan told Reuters he expects “tremendous growth” this year as new models like the low-cost EX30 roll…