Volvo Reveals New Materials for Its Leather-Free Cars

14
4
Favorite

Volvo Reveals New Materials for Its Leather-Free Cars

Bloomberg2021-09-23

Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

FlareSpark
·2021-09-24
Another marketing ploy. It doesn’t help the animal at all
Reply
2
Report
Troedas
·2021-09-23
Sure
Reply
2
Report
Boonboonboii
·2021-09-23
Sick insights
Reply
2
Report
Ansonteck
·2021-09-23
Like pls
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1127680936?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-23 15:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127680936","market":"us","top_or_hot":-1,"title":"Volvo Reveals New Materials for Its Leather-Free Cars","media":"Bloomberg","content":"<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volvo Reveals New Materials for Its Leather-Free Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolvo Reveals New Materials for Its Leather-Free Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLVLY","symbol_name":"Volvo AB","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia","article_id":"1127680936","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127680936","pubTimestamp":1632382331,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in t","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VLVLY":"Volvo AB"},"translate_title":"沃尔沃展示其无皮汽车的新材料","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VLVLY":0.9},"content_text":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars.\nSo far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.\nThe shift at Volvo will begin next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will continue until 2030, when Volvo’s by then all-electric lineup will have entirely phased out leather products. This is a decision driven as much by reading and predicting market trends as from concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits during a private video interview announcing these changes.\n\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo\n“We see our customer’s expectations are changing,” says Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”\nAccording to a report from Infinium Global Research quoted by Stuart Templar, Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s new cars will consist of recycled and bio-based content, says Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.\n“Consumers are increasingly focused not just on the end product but how it is produced,” adds Templar, “and that includes responsible sourcing.”\nVolvo will introduce a new wool-blend option, made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer Microtech, a suede-like textile made from recycled polyester, as well as components made from sustainably sourced flax and linen.\n“There are premium alternatives to leather,” Page says. Previously, consumers viewed anything that isn’t leather as inferior; now that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”\nNordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.\nThe leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo\nThe announcement comes amid what Volvo has called “really annoying” challenges in obtaining computer chips. In July, Volvo agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.\nVolvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public offering expected for electric pickup truck startup Rivian, Volvo’s would be among the biggest IPOs in Europe in 2021.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":863440910,"gmtCreate":1632417655430,"gmtModify":1676530778478,"author":{"id":"3584955097359320","authorId":"3584955097359320","name":"FlareSpark","avatar":"https://static.tigerbbs.com/38942f5d417a8d645800903b08402b4e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584955097359320","authorIdStr":"3584955097359320"},"htmlText":"Another marketing ploy.&nbsp;It doesn’t help the&nbsp;animal at all","listText":"Another marketing ploy.&nbsp;It doesn’t help the&nbsp;animal at all","text":"Another marketing ploy. It doesn’t help the animal at all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863440910","repostId":1127680936,"repostType":4,"repost":{"id":"1127680936","kind":"news","pubTimestamp":1632382331,"share":"https://ttm.financial/m/news/1127680936?lang=&edition=fundamental","pubTime":"2021-09-23 15:32","market":"us","language":"en","title":"Volvo Reveals New Materials for Its Leather-Free Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1127680936","media":"Bloomberg","summary":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in t","content":"<p>Fashion houses such as&nbsp;Stella McCartney and Victoria Beckham&nbsp;have&nbsp;long eschewed animal products&nbsp;in their wares, while automakers including&nbsp;Audi, BMW, Land Rover, and Tesla&nbsp;offer leather-free and sustainable interiors as options in their cars.</p>\n<p>So far, Volvo is among the very few brands&nbsp;to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.</p>\n<p>The&nbsp;shift at Volvo will begin&nbsp;next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will&nbsp;continue&nbsp;until 2030, when Volvo’s by then&nbsp;all-electric lineup will have entirely phased out leather products. This is&nbsp;a decision&nbsp;driven as much by reading and predicting market trends as from&nbsp;concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits&nbsp;during a private video interview&nbsp;announcing&nbsp;these changes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2309f4702efad997be92bd901f726096\" tg-width=\"1000\" tg-height=\"561\" referrerpolicy=\"no-referrer\"><span>\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo</span></p>\n<p>“We see our customer’s expectations are changing,” says&nbsp;Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”</p>\n<p>According to a&nbsp;report from Infinium Global Research quoted by&nbsp;Stuart Templar,&nbsp;Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s&nbsp;new cars will consist of recycled and bio-based content, says&nbsp;Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.</p>\n<p>“Consumers are increasingly focused not just on the end product but how it is produced,” adds&nbsp;Templar, “and that includes responsible sourcing.”</p>\n<p>Volvo will introduce a new&nbsp;wool-blend option,&nbsp;made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer&nbsp;Microtech,&nbsp;a&nbsp;suede-like textile made from recycled polyester, as well as&nbsp;components&nbsp;made from sustainably sourced flax and linen.</p>\n<p>“There are premium alternatives to leather,” Page says. Previously,&nbsp;consumers viewed anything that isn’t&nbsp;leather as inferior;&nbsp;now&nbsp;that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”</p>\n<p>Nordico, another new, non-leather material&nbsp;Volvo will be using,&nbsp;consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48100f0e810defa0a5b95fd5e019134e\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>The leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo</span></p>\n<p>The announcement comes amid what Volvo has&nbsp;called&nbsp;“really annoying” challenges in obtaining&nbsp;computer chips.&nbsp;In July, Volvo&nbsp;agreed to take control of its China ventures&nbsp;from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.</p>\n<p>Volvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public&nbsp;offering expected&nbsp;for&nbsp;electric pickup truck startup Rivian, Volvo’s&nbsp;would be among the biggest IPOs in Europe in 2021.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volvo Reveals New Materials for Its Leather-Free Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolvo Reveals New Materials for Its Leather-Free Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127680936","content_text":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars.\nSo far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.\nThe shift at Volvo will begin next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will continue until 2030, when Volvo’s by then all-electric lineup will have entirely phased out leather products. This is a decision driven as much by reading and predicting market trends as from concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits during a private video interview announcing these changes.\n\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo\n“We see our customer’s expectations are changing,” says Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”\nAccording to a report from Infinium Global Research quoted by Stuart Templar, Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s new cars will consist of recycled and bio-based content, says Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.\n“Consumers are increasingly focused not just on the end product but how it is produced,” adds Templar, “and that includes responsible sourcing.”\nVolvo will introduce a new wool-blend option, made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer Microtech, a suede-like textile made from recycled polyester, as well as components made from sustainably sourced flax and linen.\n“There are premium alternatives to leather,” Page says. Previously, consumers viewed anything that isn’t leather as inferior; now that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”\nNordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.\nThe leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo\nThe announcement comes amid what Volvo has called “really annoying” challenges in obtaining computer chips. In July, Volvo agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.\nVolvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public offering expected for electric pickup truck startup Rivian, Volvo’s would be among the biggest IPOs in Europe in 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":863638904,"gmtCreate":1632383166108,"gmtModify":1676530768878,"author":{"id":"3559088164596385","authorId":"3559088164596385","name":"Troedas","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3559088164596385","authorIdStr":"3559088164596385"},"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863638904","repostId":1127680936,"repostType":4,"repost":{"id":"1127680936","kind":"news","pubTimestamp":1632382331,"share":"https://ttm.financial/m/news/1127680936?lang=&edition=fundamental","pubTime":"2021-09-23 15:32","market":"us","language":"en","title":"Volvo Reveals New Materials for Its Leather-Free Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1127680936","media":"Bloomberg","summary":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in t","content":"<p>Fashion houses such as&nbsp;Stella McCartney and Victoria Beckham&nbsp;have&nbsp;long eschewed animal products&nbsp;in their wares, while automakers including&nbsp;Audi, BMW, Land Rover, and Tesla&nbsp;offer leather-free and sustainable interiors as options in their cars.</p>\n<p>So far, Volvo is among the very few brands&nbsp;to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.</p>\n<p>The&nbsp;shift at Volvo will begin&nbsp;next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will&nbsp;continue&nbsp;until 2030, when Volvo’s by then&nbsp;all-electric lineup will have entirely phased out leather products. This is&nbsp;a decision&nbsp;driven as much by reading and predicting market trends as from&nbsp;concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits&nbsp;during a private video interview&nbsp;announcing&nbsp;these changes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2309f4702efad997be92bd901f726096\" tg-width=\"1000\" tg-height=\"561\" referrerpolicy=\"no-referrer\"><span>\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo</span></p>\n<p>“We see our customer’s expectations are changing,” says&nbsp;Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”</p>\n<p>According to a&nbsp;report from Infinium Global Research quoted by&nbsp;Stuart Templar,&nbsp;Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s&nbsp;new cars will consist of recycled and bio-based content, says&nbsp;Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.</p>\n<p>“Consumers are increasingly focused not just on the end product but how it is produced,” adds&nbsp;Templar, “and that includes responsible sourcing.”</p>\n<p>Volvo will introduce a new&nbsp;wool-blend option,&nbsp;made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer&nbsp;Microtech,&nbsp;a&nbsp;suede-like textile made from recycled polyester, as well as&nbsp;components&nbsp;made from sustainably sourced flax and linen.</p>\n<p>“There are premium alternatives to leather,” Page says. Previously,&nbsp;consumers viewed anything that isn’t&nbsp;leather as inferior;&nbsp;now&nbsp;that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”</p>\n<p>Nordico, another new, non-leather material&nbsp;Volvo will be using,&nbsp;consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48100f0e810defa0a5b95fd5e019134e\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>The leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo</span></p>\n<p>The announcement comes amid what Volvo has&nbsp;called&nbsp;“really annoying” challenges in obtaining&nbsp;computer chips.&nbsp;In July, Volvo&nbsp;agreed to take control of its China ventures&nbsp;from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.</p>\n<p>Volvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public&nbsp;offering expected&nbsp;for&nbsp;electric pickup truck startup Rivian, Volvo’s&nbsp;would be among the biggest IPOs in Europe in 2021.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volvo Reveals New Materials for Its Leather-Free Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolvo Reveals New Materials for Its Leather-Free Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127680936","content_text":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars.\nSo far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.\nThe shift at Volvo will begin next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will continue until 2030, when Volvo’s by then all-electric lineup will have entirely phased out leather products. This is a decision driven as much by reading and predicting market trends as from concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits during a private video interview announcing these changes.\n\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo\n“We see our customer’s expectations are changing,” says Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”\nAccording to a report from Infinium Global Research quoted by Stuart Templar, Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s new cars will consist of recycled and bio-based content, says Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.\n“Consumers are increasingly focused not just on the end product but how it is produced,” adds Templar, “and that includes responsible sourcing.”\nVolvo will introduce a new wool-blend option, made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer Microtech, a suede-like textile made from recycled polyester, as well as components made from sustainably sourced flax and linen.\n“There are premium alternatives to leather,” Page says. Previously, consumers viewed anything that isn’t leather as inferior; now that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”\nNordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.\nThe leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo\nThe announcement comes amid what Volvo has called “really annoying” challenges in obtaining computer chips. In July, Volvo agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.\nVolvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public offering expected for electric pickup truck startup Rivian, Volvo’s would be among the biggest IPOs in Europe in 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":863694339,"gmtCreate":1632382671621,"gmtModify":1676530768740,"author":{"id":"3577068050512360","authorId":"3577068050512360","name":"Boonboonboii","avatar":"https://static.tigerbbs.com/9000763bcb5f2707b713d81d4695caf2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577068050512360","authorIdStr":"3577068050512360"},"htmlText":"Sick insights&nbsp;","listText":"Sick insights&nbsp;","text":"Sick insights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863694339","repostId":1127680936,"repostType":4,"repost":{"id":"1127680936","kind":"news","pubTimestamp":1632382331,"share":"https://ttm.financial/m/news/1127680936?lang=&edition=fundamental","pubTime":"2021-09-23 15:32","market":"us","language":"en","title":"Volvo Reveals New Materials for Its Leather-Free Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1127680936","media":"Bloomberg","summary":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in t","content":"<p>Fashion houses such as&nbsp;Stella McCartney and Victoria Beckham&nbsp;have&nbsp;long eschewed animal products&nbsp;in their wares, while automakers including&nbsp;Audi, BMW, Land Rover, and Tesla&nbsp;offer leather-free and sustainable interiors as options in their cars.</p>\n<p>So far, Volvo is among the very few brands&nbsp;to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.</p>\n<p>The&nbsp;shift at Volvo will begin&nbsp;next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will&nbsp;continue&nbsp;until 2030, when Volvo’s by then&nbsp;all-electric lineup will have entirely phased out leather products. This is&nbsp;a decision&nbsp;driven as much by reading and predicting market trends as from&nbsp;concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits&nbsp;during a private video interview&nbsp;announcing&nbsp;these changes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2309f4702efad997be92bd901f726096\" tg-width=\"1000\" tg-height=\"561\" referrerpolicy=\"no-referrer\"><span>\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo</span></p>\n<p>“We see our customer’s expectations are changing,” says&nbsp;Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”</p>\n<p>According to a&nbsp;report from Infinium Global Research quoted by&nbsp;Stuart Templar,&nbsp;Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s&nbsp;new cars will consist of recycled and bio-based content, says&nbsp;Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.</p>\n<p>“Consumers are increasingly focused not just on the end product but how it is produced,” adds&nbsp;Templar, “and that includes responsible sourcing.”</p>\n<p>Volvo will introduce a new&nbsp;wool-blend option,&nbsp;made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer&nbsp;Microtech,&nbsp;a&nbsp;suede-like textile made from recycled polyester, as well as&nbsp;components&nbsp;made from sustainably sourced flax and linen.</p>\n<p>“There are premium alternatives to leather,” Page says. Previously,&nbsp;consumers viewed anything that isn’t&nbsp;leather as inferior;&nbsp;now&nbsp;that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”</p>\n<p>Nordico, another new, non-leather material&nbsp;Volvo will be using,&nbsp;consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48100f0e810defa0a5b95fd5e019134e\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>The leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo</span></p>\n<p>The announcement comes amid what Volvo has&nbsp;called&nbsp;“really annoying” challenges in obtaining&nbsp;computer chips.&nbsp;In July, Volvo&nbsp;agreed to take control of its China ventures&nbsp;from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.</p>\n<p>Volvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public&nbsp;offering expected&nbsp;for&nbsp;electric pickup truck startup Rivian, Volvo’s&nbsp;would be among the biggest IPOs in Europe in 2021.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volvo Reveals New Materials for Its Leather-Free Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolvo Reveals New Materials for Its Leather-Free Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127680936","content_text":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars.\nSo far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.\nThe shift at Volvo will begin next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will continue until 2030, when Volvo’s by then all-electric lineup will have entirely phased out leather products. This is a decision driven as much by reading and predicting market trends as from concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits during a private video interview announcing these changes.\n\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo\n“We see our customer’s expectations are changing,” says Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”\nAccording to a report from Infinium Global Research quoted by Stuart Templar, Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s new cars will consist of recycled and bio-based content, says Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.\n“Consumers are increasingly focused not just on the end product but how it is produced,” adds Templar, “and that includes responsible sourcing.”\nVolvo will introduce a new wool-blend option, made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer Microtech, a suede-like textile made from recycled polyester, as well as components made from sustainably sourced flax and linen.\n“There are premium alternatives to leather,” Page says. Previously, consumers viewed anything that isn’t leather as inferior; now that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”\nNordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.\nThe leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo\nThe announcement comes amid what Volvo has called “really annoying” challenges in obtaining computer chips. In July, Volvo agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.\nVolvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public offering expected for electric pickup truck startup Rivian, Volvo’s would be among the biggest IPOs in Europe in 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":863695502,"gmtCreate":1632382631606,"gmtModify":1676530768732,"author":{"id":"3583811997319940","authorId":"3583811997319940","name":"Ansonteck","avatar":"https://static.tigerbbs.com/dc6ff1362b23a6a88bd3772087aab417","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583811997319940","authorIdStr":"3583811997319940"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863695502","repostId":1127680936,"repostType":4,"repost":{"id":"1127680936","kind":"news","pubTimestamp":1632382331,"share":"https://ttm.financial/m/news/1127680936?lang=&edition=fundamental","pubTime":"2021-09-23 15:32","market":"us","language":"en","title":"Volvo Reveals New Materials for Its Leather-Free Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1127680936","media":"Bloomberg","summary":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in t","content":"<p>Fashion houses such as&nbsp;Stella McCartney and Victoria Beckham&nbsp;have&nbsp;long eschewed animal products&nbsp;in their wares, while automakers including&nbsp;Audi, BMW, Land Rover, and Tesla&nbsp;offer leather-free and sustainable interiors as options in their cars.</p>\n<p>So far, Volvo is among the very few brands&nbsp;to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.</p>\n<p>The&nbsp;shift at Volvo will begin&nbsp;next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will&nbsp;continue&nbsp;until 2030, when Volvo’s by then&nbsp;all-electric lineup will have entirely phased out leather products. This is&nbsp;a decision&nbsp;driven as much by reading and predicting market trends as from&nbsp;concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits&nbsp;during a private video interview&nbsp;announcing&nbsp;these changes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2309f4702efad997be92bd901f726096\" tg-width=\"1000\" tg-height=\"561\" referrerpolicy=\"no-referrer\"><span>\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo</span></p>\n<p>“We see our customer’s expectations are changing,” says&nbsp;Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”</p>\n<p>According to a&nbsp;report from Infinium Global Research quoted by&nbsp;Stuart Templar,&nbsp;Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s&nbsp;new cars will consist of recycled and bio-based content, says&nbsp;Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.</p>\n<p>“Consumers are increasingly focused not just on the end product but how it is produced,” adds&nbsp;Templar, “and that includes responsible sourcing.”</p>\n<p>Volvo will introduce a new&nbsp;wool-blend option,&nbsp;made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer&nbsp;Microtech,&nbsp;a&nbsp;suede-like textile made from recycled polyester, as well as&nbsp;components&nbsp;made from sustainably sourced flax and linen.</p>\n<p>“There are premium alternatives to leather,” Page says. Previously,&nbsp;consumers viewed anything that isn’t&nbsp;leather as inferior;&nbsp;now&nbsp;that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”</p>\n<p>Nordico, another new, non-leather material&nbsp;Volvo will be using,&nbsp;consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48100f0e810defa0a5b95fd5e019134e\" tg-width=\"800\" tg-height=\"600\" width=\"100%\" height=\"auto\"><span>The leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo</span></p>\n<p>The announcement comes amid what Volvo has&nbsp;called&nbsp;“really annoying” challenges in obtaining&nbsp;computer chips.&nbsp;In July, Volvo&nbsp;agreed to take control of its China ventures&nbsp;from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.</p>\n<p>Volvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public&nbsp;offering expected&nbsp;for&nbsp;electric pickup truck startup Rivian, Volvo’s&nbsp;would be among the biggest IPOs in Europe in 2021.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volvo Reveals New Materials for Its Leather-Free Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolvo Reveals New Materials for Its Leather-Free Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-23/volvo-reveals-new-materials-for-its-leather-free-electric-cars?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127680936","content_text":"Fashion houses such as Stella McCartney and Victoria Beckham have long eschewed animal products in their wares, while automakers including Audi, BMW, Land Rover, and Tesla offer leather-free and sustainable interiors as options in their cars.\nSo far, Volvo is among the very few brands to say it will not offer any leather at all, even as an option, in any of its vehicles. Electric truckmaker Rivian currently offers only vegan “leather” seats in itsR1T pickup, with no option for leather seating or trim.\nThe shift at Volvo will begin next year with the C40 Recharge, a plug-in electric SUV with a 200-plus mile driving range. It will continue until 2030, when Volvo’s by then all-electric lineup will have entirely phased out leather products. This is a decision driven as much by reading and predicting market trends as from concern for the ethical treatment of animals, Volvo executives tell Bloomberg Pursuits during a private video interview announcing these changes.\n\"The rooms in Swedish houses are usually characterized by a cosy and warm feeling, and we tried to recreate this feeling using wool,” says Rekha Meena, Volvo’s senior design manager of color and material, of the C40 SUV’s wool textile upholstery.Source: Volvo\n“We see our customer’s expectations are changing,” says Robin Page, the head of design for Volvo Cars. “They are changing their habits in fashion and products they are buying. They want to know more about the materials and where they are sourced from and where they come from, and people are much more aware of climate change and the effects on the planet.”\nAccording to a report from Infinium Global Research quoted by Stuart Templar, Volvo’s director of global sustainability, the vegan leather market is expected to reach €73 billion ($85 billion)in value by 2025. By that time, a quarter of the materials in Volvo’s new cars will consist of recycled and bio-based content, says Page, and all of its immediate suppliers, including material suppliers, will use 100% renewable energy.\n“Consumers are increasingly focused not just on the end product but how it is produced,” adds Templar, “and that includes responsible sourcing.”\nVolvo will introduce a new wool-blend option, made from certified suppliers, as the company looks to ensure full traceability and animal welfare in its materials supply chain. It will also offer Microtech, a suede-like textile made from recycled polyester, as well as components made from sustainably sourced flax and linen.\n“There are premium alternatives to leather,” Page says. Previously, consumers viewed anything that isn’t leather as inferior; now that they understand more about climate change, they are changing their minds. Livestock, he says, is estimated to be responsible for around 14% of global greenhouse gas emissions from human activity, with the majority coming from cattle farming. “Our ultimate aim is to get recycled natural materials, because that is the full sustainability part.”\nNordico, another new, non-leather material Volvo will be using, consists of textiles made from recycled material such as plastic (PET) bottles, wood remnants from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.\nThe leather-free interior of the new Volvo C40 Recharge SUV.Source: Volvo\nThe announcement comes amid what Volvo has called “really annoying” challenges in obtaining computer chips. In July, Volvo agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation ahead of a planned share sale.\nVolvo could earn a valuation of roughly $20 billion, with a listing expected by the end of September. Even if dwarfed by the estimated $80 billion initial public offering expected for electric pickup truck startup Rivian, Volvo’s would be among the biggest IPOs in Europe in 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":14,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}