http://www.timesofmalta.com/articles/view/20080413/motoring/volvo-launches-co-operation-to-develop-plug-in-hybridsSunday, 13th April 2008
Volvo launches co-operation to develop plug-in hybrids
Together with electricity provider Vattenfall, Saab Automobile, ETC and the Swedish state, Volvo Car Corporation is launching a joint broad-based research venture to develop spearhead technology in the area of plug-in hybrid cars. Sweden will be the arena for the field tests.
The aim of the project is to develop and demonstrate the next-generation hybrid cars. A fleet of 10 plug-in hybrids will be produced that can be recharged directly from the mains wall socket.
Volvo has long experience of co-operation with a variety of society's actors and with this project the company aims to participate in and shape decisions and initiatives that are taken both within and outside the car industry.
Over a five-year period, Volvo Cars will invest just over 11 billion SEK (€1.16 billion) in development aimed at reducing fuel consumption and emissions. Volvo already offers its customers one of the industry's widest ranges of Flexifuel engines.
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