NHYDY Norsk Hydro ASA (QX)

By Dominic Chopping

STOCKHOLM--Swedish electric vehicle manufacturer Polestar on Wednesday outlined a collaboration initiative with global suppliers to speed up the development of a climate-neutral car.

Steel producer SSAB AB, aluminum and renewable energy producer Norsk Hydro ASA, car parts maker ZF Friedrichshafen AG, lighting and electronics supplier ZKW and automotive safety systems producer Autoliv Inc., are all joining forces to collaborate with Polestar in its development of a climate-neutral car.

Polestar and its partners will focus their attention on the Polestar 0 project. Announced in 2021, the project aims to create a climate-neutral car by 2030 by eliminating emissions from the supply chain and changing the way that cars are made.

SSAB intends to collaborate with Polestar on fossil-free steel, which could potentially replace not only conventional steel in a car but also other materials with significant carbon footprints, it said.

Norsk Hydro intends to collaborate with Polestar on zero-carbon aluminium, while ZF intends to explore with Polestar how their electric powertrain and overall systems knowledge could eliminate carbon emissions and save resources.

Autoliv intends to partner with Polestar on safety equipment like airbags and seatbelts with zero emissions, and ZKW also intends to team up with Polestar on climate-neutral electrical control systems and wiring, it added.

Polestar was co-founded in 2017 by Volvo Car AB and Zhejiang Geely Holding Group.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

February 23, 2022 02:58 ET (07:58 GMT)

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