Invitation to press conference: Vattenfall and Volvo Cars make major investment in environmental cars

(Press release please see below) Welcome to a press conference announcing the start up of a Joint Venture between Vattenfall and Volvo with the aim to put plug-in hybrid cars on the market in 2012. The conference is hosted by Lars G. Josefsson, President and CEO of Vattenfall and Stephen Odell, President and CEO of Volvo Car Corporation. Date: Monday June 1 at 12.00 Place: Volvo Showroom, Kungsträdgården, Stockholm Please bring your press id Web cast of the press conference: http://gaia.world-television.com/wtvse/stst/vattenfall/vattenfall_volvocars_towards_zero.asp The complete press information including moving images are available from 12.00 CET: http://www.vattenfall.se https://www.media.volvocars.com/ Vattenfall's press section at http://www.vattenfall.com/ Broadcast material is also available at: ftp://public:dropin28@ftp.filmpoint.se/Public/Liftbox/volvo_elhybrid or ftp://ftp.filmpoint.se/ user: public pass: dropin28 dir: Public/Liftbox/volvo_elhybrid or www.thenewsmarket.com/vattenfall ********************************************* Press release Unique cooperation on environmental cars Vattenfall and Volvo Cars to develop new plug-in hybrid A Volvo that can be fuelled with electricity from a standard wall socket will be a reality in 2012. The Swedish energy company Vattenfall and Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market. The ground-breaking technology will considerably lower the environmental impact from traffic. In addition, owning a plug-in hybrid vehicle will be convenient since you can fuel up at home and fuel costs are significantly lower. In January 2007, the Volvo Car Corporation and Vattenfall launched a joint project with the aim of testing and developing plug-in technology. Now their cooperation is being taken to the next level. "We are investing in an industrial joint venture to series-produce plug-in hybrid cars in Sweden in 2012, cars that can be powered by both electricity and diesel. This is an important business development for us and our partnership with Vattenfall allows us to take a giant step toward offering our customers cars with an even smaller environmental footprint," says Stephen Odell, President and CEO of the Volvo Car Corporation. The car can be charged at home One of the major benefits of Plug-in hybrids is that they can be charged from a regular household wall socket. "We want to reinforce electricity's importance in society and its key role in solving climate issues. Through this cooperation we hope to be able to speed up the introduction of electric cars. Together we are developing the next-generation technology based on plug-in cars and various charging alternatives," says Lars G Josefsson, President and CEO of Vattenfall. The development of the cars is being carried out and financed jointly by the two companies. The Volvo Car Corporation will manufacture the cars and Vattenfall will develop charging systems and supply the cars with electricity. For further information, please contact: Maria Bohlin, mbohlin1@volvocars.com, telephone +46 31 59 65 25 Edvard Lind, Media Relations, edvard.lind@vattenfall.com, telephone +46 8 739 56 74 or Vattenfall's Press Office, telephone +46 8 739 50 10 Volvo Car Corporation Public Affairs SE-405 31 Göteborg, Sweden Telephone +46 31 59 00 00 Facsimile +46 31 54 40 64 Vattenfall AB Group Function Communications Sturegatan 10 SE-162 87 Stockholm, Sweden Telephone +46 8 739 50 00 https://www.media.volvocars.com/ http://www.vattenfall.com/