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Volvo invests in blockchain firm Circulor to trace cobalt usage in EV batteries

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Investments

Volvo says that the cobalt used in the XC40 Recharge P8’s batteries will be 100% tracked to guarantee ethical sourcing

Sweden-based carmaker Volvo Cars has made an investment in Circulor, a blockchain technology firm, and the investment was made through Volvo’s venture capital investment arm, Volvo Cars Tech Fund.

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