Sweden

On April 18, CATL signed a memorandum of understanding (MoU) with Volvo Cars for closed-loop management of battery recycling, strengthening their cooperation in sustainable development.

In the partnership, Volvo Cars will collect old batteries and will send them to the downstream certified suppliers for recycling and extraction of metals like nickel, cobalt, and lithium. CATL will then use materials to make new batteries for Volvo's electric vehicles (EVs).

The companies will also create a transparent management mechanism to ensure that the recycling and production process meets the quality standards and complies with the legal and regulatory requirements of various regions worldwide.

Under the agreement, the companies will work together to reduce the carbon emissions of EVs throughout the life cycle. CATL will continue to use its technological advantages to contribute to the development of a circular battery value chain.

Based on CATL press release

On April 23, Volvo Buses announced that they would launch new and updated active safety systems with a special focus on the protection of vulnerable road users such as cyclists and pedestrians. The safety systems will surpass the latest EU regulations, as well as meet the legal standards of most non-EU countries.

The new safety systems will be standard on electric and Euro 6 Volvo buses and coaches and introduced in regions where Euro 3 and Euro 5 standards are currently applicable. The safety systems include collision warning with emergency brake, side collision avoidance support, front short-range assist, adaptive cruise control, lane keeping support, lane change support, driver alert support, intelligent speed assistance, and tire pressure monitoring system.

Volvo Buses' integrated safety architecture ensures safe driving conditions, collision avoidance, and collision protection. Safe driving is prioritized to establish the best conditions for safe travel. The advanced driver assistance systems offer early warnings for collision avoidance, while collision protection features are implemented to reduce injuries and minimize damage.

Based on Volvo Buses press release

On April 22, Terranet AB announced that it currently does not intend to further invest in Holoride GmbH. The decision not to contribute more capital reflects Terranet's strategy to prioritize and accelerate its own development of BlincVision.
holoride is developing the future of in-vehicle media, linking XR with real-time motion data.

Terranet invested in holoride in 2021 together with an investment consortium consisting of major industry players. Terranet's share of ownership amounts to approx. 10%. 

holoride has had long-standing discussions with new financiers about investing in the company. However, these discussions have dragged on and existing shareholders have decided not to contribute additional capital. As Holoride's liquidity is not yet guaranteed in the long term, the company's management, due to German law, has therefore decided to start a so-called preliminary insolvency procedure (vorläufiges Insolvenzverfahren) to find new owners or investors. 

If this is not successful, to liquidate the company through bankruptcy. Terranet will be affected in terms of accounting through a write-down of the value of the company's holdings in Holoride. Terranet's liquidity is not affected.

Based on Terranet AB press release