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Stock impact report

Mercedes cuts EVs' environment footprint with low-carbon aluminium [Yahoo! Finance]

NORSK HYDRO A S ADS (NHYDY) 
NASDAQ:AMEX Investor Relations: hydro.com/en/investor-relations
Company Research Source: Yahoo! Finance
CO2 emissions in the production of its new line of electric vehicles, part of a wider effort to decarbonise operations, executives told Reuters. Mercedes uses the low-carbon aluminium, developed in partnership with Norwegian metals producer Norsk Hydro, to make its new electric CLA model. The collaboration is an example of how makers of premium consumer products may pay extra for raw materials in return for a more environmentally friendly profile, executives of both companies said. "There are of course extra costs from using an especially low-carbon steel or aluminium," said Gunnar Guthenke, vice president of Mercedes-Benz' procurement and supplier quality. "Sustainability and desirable products, such as the ones we produce, simply go hand in hand," he said. GROWING DEMAND FOR LOW-CARBON PRODUCTS The companies declined to provide a breakdown of costs, but said the new CLA was made with 40% less CO2 emissions than its non-electric predecessor. While decarbonising value ch Show less Read more
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