HyPoint Unveils Breakthrough Hydrogen Fuel Cell Prototype for Aviation and Urban Air Mobility

  

MENLO PARK, Calif., March 2, 2021 /PRNewswire/ —



HyPoint

, the company developing zero-carbon emission hydrogen fuel cell systems for aviation and urban air mobility, today unveiled the first operable prototype of its breakthrough turbo air-cooled…

  

MENLO PARK, Calif., March 2, 2021 /PRNewswire/ —



HyPoint

, the company developing zero-carbon emission hydrogen fuel cell systems for aviation and urban air mobility, today unveiled the first operable prototype of its breakthrough turbo air-cooled hydrogen fuel cell system. The

NASA award-winning

fuel cell technology, developed by an international team of engineers, delivers an unprecedented combination of specific power and energy density and has passed key validation testing to prove its technical viability. Full-scale versions, which are expected to begin shipping in 2022, will drive the commercial development of zero-emission e-aircraft, eVTOL, and urban air mobility vehicles, and serve an important role in the global effort to curb carbon emissions.

The arrival of zero-emission aviation has been hindered by the energy density limitations of lithium-ion batteries and the specific power limitations of hydrogen fuel cells. Testing has shown that HyPoint’s turbo air-cooled hydrogen fuel cell system will be able to achieve up to 2,000 watts per kilogram of specific power, which is more than triple the power-to-weight ratio of traditional hydrogen fuel cells systems. It will also boast up to 1,500 watt-hours per kilogram of energy density, enabling longer-distance journeys. By addressing these core technological barriers, HyPoint will cut years off commercial delivery timelines for hydrogen aircraft and unlock the emerging hydrogen aviation market, which is expected to be valued at more than $27 billion in 2030 and at least $174 billion by 2040, according to Allied Market Research.

HyPoint’s revolutionary approach utilizes compressed air for both cooling and oxygen supply to deliver a high-temperature (HTPEM) fuel cell system that is three times lighter than comparable liquid-cooled low-temperature (LTPEM) fuel cell systems. It also leverages a number of technical innovations including lightweight bipolar plates and a highly conductive, corrosion-resistant coating in order to radically outperform existing systems. As a result, HyPoint can deliver up to a 50% reduction in total cost of ownership for aircraft makers and empower them to create practical, cost-effective zero-emission vehicles. HyPoint’s approach is detailed in a newly-released white paper, which can be found at bit.ly/HyPoint2021.

«Last year we proved that hydrogen-electric aircraft are not only possible but inevitable — and now we are working hard to get a 100-seat zero-emission aircraft in the skies before 2030,» said Val Miftakhov, founder and CEO of ZeroAvia. In September, ZeroAvia became the first company to successfully complete a hydrogen-electric passenger aircraft flight. It went on to raise $21.4 million from Amazon, Shell, and a Bill Gates-backed fund. «The reality is that hydrogen fuel cells are the technological driver behind e-aircraft, and we are working closely with the team at HyPoint to test their systems for potential integration into future ZeroAvia aircraft.»

HyPoint also announced that it will begin work with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to further test and validate its hydrogen fuel cell technology. NREL’s hydrogen and fuel cell research and development focuses on developing, integrating, and demonstrating hydrogen production and delivery, hydrogen storage, and fuel cell technologies for transportation, stationary, and portable applications. Projects range from fundamental research to overcome technical barriers, manufacturing process improvement to enable high-volume fuel cell production, systems analysis to identify the most promising commercialization pathways, and market transformation to support early market deployments.

«This functional prototype brings us one step closer to our vision of delivering efficient and cost-effective zero-carbon emission fuel cell technology to the aviation industry, which is expected to contribute up to a quarter of the world’s greenhouse gas emissions by 2050 if left unchecked,» said Dr. Alex Ivanenko, founder and CEO of HyPoint. «The prototype has passed a number of subsystem tests that strongly suggest that our patented technology and unique approach works — and we’re excited to use NREL’s state-of-the-art testing facilities to further validate our system. Moreover, we’re thrilled to be a part of the emerging hydrogen economy, which seeks to replace harmful fossil fuels with hydrogen, the universe’s most abundant energy source.» 

In December 2020, HyPoint was named a winner of NASA’s iTech Initiative, in which inventive technologies were ranked based on criteria that included technical viability, likely impact on future space exploration, benefits to humanity, and commercialization potential. HyPoint’s aeronautic applications — including eVTOLs, UAVs, PAVs, and electric aircraft — were considered to be especially innovative. 

«Over the past several months, interest in hydrogen companies has reached a fevered pitch, in part because the world is waking up to hydrogen as a clean, reliable, and abundant fuel source. The hydrogen economy is here,» said Jordan Levy, managing partner at SoftBank Capital NY and founding partner of Seed Capital Partners, an early-stage venture capital fund. «The team at HyPoint is among the world’s most experienced in the field of hydrogen fuel cell technology and, as an investor, we’re thrilled to be a part of HyPoint’s early success. We look forward to following their continued momentum.»

About HyPoint 

HyPoint is pioneering next-generation hydrogen fuel cell systems for aviation, aeronautics, and urban air mobility. The company’s flagship turbo air-cooled hydrogen HTPEM fuel cell system offers zero carbon emissions and game-changing energy performance as a result of patented innovations including lightweight bipolar plates, a highly-conductive corrosion-resistant coating, and an industry-first air cooling and oxygen supply system. Together these technologies enable a lightweight, climate-independent, extended-lifespan fuel system and dramatically increase operational time and utilization rate while decreasing total cost of ownership by as much as 50%. The company was founded in Silicon Valley in 2019 and is backed by leading venture capital firms and individual investors. To learn more, please visit hypoint.com.

Press contact:

Aaron Endré

Endré Communications

aaron@aaronendre.com

Related Images

hypoint-htpem-fuel-cells.jpg
HyPoint HTPEM fuel cells
Proprietary high-temperature proton-exchange membrane (HTPEM) fuel cells for use in HyPoint’s Turbo Air-Cooled Hydrogen Fuel Cell System.

hypoint-turbo-air-cooled-fuel-cell.jpg
HyPoint Turbo Air-Cooled Fuel Cell System
Rendering of a full-scale HyPoint Turbo Air-Cooled Hydrogen Fuel Cell System within a turboprop engine.

hypoint-hydrogen-fuel-cell.jpg
HyPoint Hydrogen Fuel Cell Prototype
HyPoint Turbo Air-Cooled Hydrogen Fuel Cell System Prototype within its testing apparatus.

Related Links

HyPoint White Paper

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hypoint-unveils-breakthrough-hydrogen-fuel-cell-prototype-for-aviation-and-urban-air-mobility-301238665.html

SOURCE HyPoint, Inc.

Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

<img id="prnejpgd763left" title="Volvo Cars launches new, pure electric Volvo C40 Recharge " border="0" alt="Volvo Cars launches new, pure electric Volvo C40 Recharge " align="middle"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Logo

 

Photo – https://mma.prnewswire.com/media/1447655/Volvo_C40Recharge_profile_1.jpg  
Photo – https://mma.prnewswire.com/media/1447653/Volvo_C40Recharge_charging_three_quarter_rear_WS.jpg  
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Photo – https://mma.prnewswire.com/media/1447656/Volvo_C40Recharge_charging.jpg  
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Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent….

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

Photo – https://mma.prnewswire.com/media/648475/Mazda_North_American_Operations_Logo.jpg

SOURCE Mazda North American Operations

Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent….

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

Photo – https://mma.prnewswire.com/media/648475/Mazda_North_American_Operations_Logo.jpg

SOURCE Mazda North American Operations

Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

<img id="prnejpgd763left" title="Volvo Cars launches new, pure electric Volvo C40 Recharge " border="0" alt="Volvo Cars launches new, pure electric Volvo C40 Recharge " align="middle"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Logo

 

Photo – https://mma.prnewswire.com/media/1447655/Volvo_C40Recharge_profile_1.jpg  
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Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent….

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

Photo – https://mma.prnewswire.com/media/648475/Mazda_North_American_Operations_Logo.jpg

SOURCE Mazda North American Operations

Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

<img id="prnejpgd763left" title="Volvo Cars launches new, pure electric Volvo C40 Recharge " border="0" alt="Volvo Cars launches new, pure electric Volvo C40 Recharge " align="middle" imagelabel="General"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Logo

Cision View original content:http://www.prnewswire.com/news-releases/volvo-cars-launches-new-pure-electric-volvo-c40-recharge-301238660.html

SOURCE Volvo Cars

Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

<img id="prnejpgd763left" title="Volvo Cars launches new, pure electric Volvo C40 Recharge " border="0" alt="Volvo Cars launches new, pure electric Volvo C40 Recharge " align="middle" imagelabel="General"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Logo

Cision View original content:http://www.prnewswire.com/news-releases/volvo-cars-launches-new-pure-electric-volvo-c40-recharge-301238660.html

SOURCE Volvo Cars

Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling…

IRVINE, Calif., March 2, 2021 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda_North_American_Operations_Logo

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

Cision View original content:http://www.prnewswire.com/news-releases/mazda-reports-february-sales-results-301238656.html

SOURCE Mazda North American Operations

February 2021 ISM-New York Report on Business: Another Down Month

NEW YORK, March 2, 2021 /PRNewswire/ — In February, New York City purchasing managers reported significant drops in Current Business Conditions and Employment, according to the survey taken by the Institute for Supply Management-New York.  

<a href="https://mma.prnewswire.com/media/1175511/Buyers_Meeting_Point_Logo.html" target="_blank"…

NEW YORK, March 2, 2021 /PRNewswire/ — In February, New York City purchasing managers reported significant drops in Current Business Conditions and Employment, according to the survey taken by the Institute for Supply Management-New York.  

«Wild month over month fluctuations have been replaced with lower business conditions and outlook,» said Kelly Barner, ISM-New York’s Business Survey Chair and Owner of Buyers Meeting Point. «For the last two months, the only increases have been in prices.»

New York Metro
Current Business Conditions decreased by 15.7 points to a 9-month low of 35.5 in February (referencing the 19.5 reported in May of 2020). This finding is down from 51.2 in January, a level that represented a loss of 10.1 points.

The Six-Month Outlook fell for the second month in a row, officially ending the pattern of 20-point swings up and down. In February, the outlook fell 1.8 points to 51.5, a 3-month low that just managed to stay above the breakeven point. The six-month outlook has been a reliable short-run guide for current business conditions over time.

Company Specific
Employment, a seasonally adjusted index, fell 19.5 points from 60.6 in January to 41.1 in February. This is the biggest mover in this month’s report and marks a 3-month low.
Quantity of Purchases nudged downward in February, moving from an 8-month low of 35.7 to a 9-month low of 35.3.

Top line and forward revenue guidance both fell in February. Current Revenues fell for the second month in a row, reaching an 8-month low of 35.3 (referencing the 30.6 reported in June of 2020). Expected Revenues fell 10 points to reach 47.1 in February, a 5-month low (referencing the 42.9 reported in September of 2020).

Prices Paid rose for the fourth consecutive month, increasing 5.1 points from 71.4 in January to a 30-month high of 76.5 in February (referencing the 78.6 reported in August of 2018).

About the ISM-New York Report on Business
The survey results are compiled as diffusion indices. A reading of 50% means no change from the prior month, greater than 50% indicates a faster pace of activity, and less than 50% a slower rate.

Current Business Conditions, Six-Month outlook, NY-BCI, and the Employment index are seasonally adjusted. All other measures are not. For more information visit http://www.ismny.com/reports-on-business/

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/february-2021-ism-new-york-report-on-business-another-down-month-301238337.html

SOURCE Buyers Meeting Point, LLC