27 May 2021 | David Young
Mercedes-Benz AG will use carbon-free steel in the production of its cars from 2025 onwards
This is part of Mercedes' commitment to achieve a carbon-neutral fleet by 2039.
It has taken an equity stake in Swedish start-up H2 Green Steel (H2GS) and is retooling its supply chain to focus on the prevention and reduction of CO2 emissions rather than compensation.
Markus Schäfer, member of the board of management of Daimler AG and Mercedes-Benz AG, said: "With an equity stake in H2 Green Steel, Mercedes-Benz is sending an important signal to accelerate change in the steel industry and increase the availability of carbon-free steel.
"As a first step, we are investing a single-digit million amount. As a preferred partner of the start-up, we will be launching green steel in various vehicle models as early as 2025."
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