The Volvo concern plans to become a closed-cycle manufacturer by 2040, which will save $ 118 million and 2.5 million tons of carbon dioxide emissions by 2025.
The plan is based on a massive overhaul. Bend organizes production runs to recycle heavily emitting materials such as steel and aluminum. The brand will refurbish, repair parts to prevent waste.
Each part of the concern’s foreign cars must be created and produced taking into account the further exploitation of use. Both Volvo and its suppliers plan to comply with these requirements when developing new products. This requires the automaker to rethink the entire manufacturing process.
The company is already rebuilding parts such as gearboxes and engines to use materials more efficiently and reduce emissions.
The brand is already rebuilding transmissions and motors to use materials more efficiently and reduce emissions. Volvo estimates it will cut 3,000 tonnes of carbon dioxide emissions by remanufacturing 40,000 parts. This helped her become a member of the Ellen MacArthur Foundation. It is based on the leading network of circular economy. But the brand will be looking to double down on this rebuilding business.
This goal will become even more important as electric cars flood the roads of the world. High-energy batteries will benefit greatly from recycling and reuse. Volvo intends to use used batteries outside of cars to extend their life cycle. The automaker has already partnered with BatteryLoop, which reuses batteries from cars in the solar field.
The company predicts that its actions will not only make it greener, but also help save a lot of money.