Together with other 16 global steelmakers, Russian steel producer Severstal is to complete Phase 2 of the Future Steel Vehicle (FSV) program, being the only Russian participant in this innovation project.
Low carbon vehicle (LCV) is the most recent addition to the global steel industry's series of initiatives offering solutions to challenges facing automakers around the world.
In support of FSV's global launch, on May 18 WorldAutoSteel, the automotive branch of World Steel Association, announced the results of a three-year program to develop fully engineered, steel-intensive designs for electrified vehicles that reduce greenhouse gas emissions over their entire life cycle.