All about Volvo Cars

On April 19, Cymo partnered with Volvo Cars to support the carmaker in transforming its production process with a cutting-edge Digital Twin, propelling forward to become a fully event-driven manufacturing company.

Cymo will contribute to the growth of development and analysis teams by enhancing their EDA knowledge, thereby offering critical insights for setting up and maintaining the Event Hub Platform.

Cymo is a Belgium-based startup, dedicated to guiding companies toward a future-proof IT landscape through Event-Driven Architecture. 

Based on Cymo social media updates

On April 12, Volvo Cars announced that it has switched from natural gas to biogas at the Taizhou plant, making it Volvo Cars’ first plant in China to achieve climate-neutral status. The switch to biogas will result in a reduction of more than 7,000 tonnes of CO2 per year. 

With the switch towards biogas, the Taizhou plant now has both climate-neutral electricity and heating, making it Volvo Cars’ second car facility to achieve this milestone, following its Torslanda plant in Gothenburg, Sweden.

The Taizhou plant produces around 40% of its electricity needs from on-site solar panels, which is set to expand in the coming years. While the remaining 60%, that comes from the grid, is also climate-neutral electricity from solar. The plant’s heating needs will be met using climate-neutral biogas.

The plant’s climate-neutral status aligns with Volvo Cars’ goal of having climate-neutral manufacturing operations by 2025 and reducing emissions across its global operations.

Based on Volvo Cars press release

On April 8, the European Commission approved Slovakia's EUR 267 million aid for Volvo Cars, aligning with EU State aid rules. The investment will support in setting up of a new production plant for electric passenger vehicles in Valaliky near Košice, Eastern Slovakia. 

Volvo Cars will invest EUR 1.2 billion in the establishment of a new electric passenger vehicles production plant, which will be the third production facility of Volvo Cars in Europe. The plant expects to have an initial annual capacity of approximately 250,000 EVs, generating at least 3,300 direct jobs, as well as further indirect jobs. The project aims to be climate-neutral from the start of production and to offer only electric vehicles.

Based on European Commission press release