Swedish And Chinese Joint Venture Polestar Continues To Develop Carbon-Free Vehicles

JAKARTA - Electric cars are not effective enough to reduce carbon emissions that are currently ensnaring the world. For that we need a vehicle that is completely free of carbon and materials from non-fossil. Polestar wants to go through all those alternatives.

The Swedish electric carmaker, Polestar, said on Wednesday, February 23 that it had partnered with suppliers including Germany's ZF Friedrichshafen and Swedish steelmaker SSAB to accelerate development of completely carbon-free cars.

The automaker said it had signed a letter of intent to work with Norwegian aluminum maker Norsk Hydro, Swedish air bag and seat belt maker Autoliv, lighting and electronics unit LG Corp, ZKW Group, ZF and SSAB to eliminate carbon emissions in various areas of its electric vehicles. (EV).

It's time to be part of the future. We have a mission to create a climate neutral car by 2030 and we need your help. Join us here: https://t.co/QyxW0Upoq8. pic.twitter.com/S4Mm1kjUE6

— Polestar (@PolestarCars) February 23, 2022

The automotive industry is currently under pressure to use electricity in Europe and China. But they are still grappling with the problem that it takes more carbon emissions to produce an EV than a fossil-fueled car, mainly because of its large battery.

Unlike most automakers, Polestar has published assessments of the carbon footprint of its EVs over their entire life cycle.

"It was clear from the outset that this was not a singular mission and we are excited to bring together an array of interested partners," Polestar CEO Thomas Ingenlath said in a statement.

Polestar will go public by joining US-listed blank check firm Gores Guggenheim, backed by billionaire Alec Gores and investment bank Guggenheim Partners, in a deal that will be worth $20 billion.

The electric car manufacturer was founded in 2017 by Volvo Car Group and China's Zhejiang Geely Holding.

SSAB will work with Polestar on fossil-free steel, and Hydro will work on carbon-free aluminum, while the others will focus on reducing emissions in the production of parts and components.