Yuefeng Aluminum and Volvo Cars signed a "Memorandum of Understanding on Sustainable Aluminum Value Chain"
December 2, 2023
On November 28, at the first China International Supply Chain Promotion Expo with the theme of "Linking the World and Creating the Future Together", Yuefeng Aluminum Co., Ltd. and Volvo Cars (Asia Pacific) Co., Ltd. signed a "Memorandum of Cooperation on Sustainable Aluminum Value Chain".
After the signing of the MoU, the two parties will deepen cooperation in responsible supply chain and life cycle assessment of green aluminum, jointly promote the application of sustainable aluminum in automobile production, and help both parties achieve the goal of carbon peak and carbon neutrality as soon as possible.
As a key aluminum enterprise in China's green aluminum development and an important member of the strategic unit of Yuefeng Group's aluminum sector, Yuefeng Aluminum actively implements the national green and low-carbon development strategy, fully relies on the advantages of clean energy in Yunnan Province, strives to promote the layout of the green aluminum industry, implements the whole process of green manufacturing, and builds an integrated green industrial chain from bauxite to aluminum processing, a green aluminum supplier with important influence in the industry.
As a luxury car brand originating from Northern Europe and influencing the world, Volvo Cars has always regarded improving the climate and reducing carbon dioxide emissions as its own responsibility, and is committed to becoming a pure electric luxury car company by 2030 and a global climate neutrality benchmark enterprise by 2040. For a long time, Volvo Cars has been actively working with upstream and downstream partners to build a low-carbon and environmentally friendly value chain.
As sustainable pioneers in their respective fields, the cooperation reached by the two parties at the first expo with the theme of global supply chain is a vivid practice of collaborative carbon reduction in the upstream and downstream of the industrial chain, jointly building a green and low-carbon automotive aluminum supply chain and low-carbon cooperation, and a new demonstration for the global automotive industry to practice the sustainable development of the industry and create more low-carbon products to the market and consumers in the whole chain.