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A Car Made Out Of Cardboard? French Car Maker Citreon Reveals New Concept

Benzinga Real-time News · Sep 29, 2022 15:06

BASFY -0.59% STLA -0.16%

Stellantis NV (NYSE:STLA) owned French automobile company, Citreon, has unveiled a new electric vehicle concept, Oli, made from recycled materials.
It is expected to weigh 1000kg and deliver a 400km range. Limiting top speed to 110km/h to maximize efficiency makes consumption of 10kWh/100km possible.
Customers can expect to see many of the concepts and innovations showcased in oli flowing through to Citroën's future electric family vehicles.
Also Read: Stellantis, Uber Ramp Up Focus On France's EV Market
Oli's bonnet, roof, and rear panels are made from recycled corrugated cardboard formed into a honeycomb sandwich structure between fiberglass reinforcing panels, co-created with German chemical company BASF SE (OTC:BASFY).
They are coated in Elastoflex Polyurethane resin covered in a protective layer of tough, textured Elastocoat, which is often used on parking decks or loading ramps, and painted with waterborne BASF R-M Agilis paint.
The weight is reduced by 50% compared to an equivalent steel roof construction without compromising durability and load-bearing capacity.
Price Action: STLA shares are trading lower by 5.21% at $11.93 on the last check Thursday.
Photo Via Company

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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