Industry News

Daimler Truck Ag And Volvo Group Fully Committed To Hydrogen Based Fuel Cells

Two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the ambition of becoming a leading global manufacturer of fuel-cell systems cellcentric will build one of Europe’s largest planned series product...

Volvo Group And Ssab To Collaborate On The World’s First Vehicles Of Fossil Free Steel

Volvo Group and SSAB have signed a collaboration agreement on research development serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen. “We are determined to be a climate-neutral company by 2050 in line with the Paris Agreement. This means that our vehicles and machines w...

Volvo Group And Isuzu Motors Complete Ud Trucks Transaction As Part Of The Strategic Alliance

The Volvo Group and Isuzu Motors today completed the transaction whereby Isuzu Motors acquired UD Trucks from the Volvo Group for an enterprise value of JPY 243 billion (approximately SEK 19 billion) on a cash and debt free basis. The strategic alliance within commercial vehicles between the two groups aiming to capture opportunities in the ongoing industry transformation will now also become operational. The transaction is estimated to have a pos...

Volvo Group Venture Capital Invests In Ev Charging Software Company

Volvo Group Venture Capital AB has invested in Driivz Ltd. a leading global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The Driivz platform functions as an operating system for electric vehicle (EV) charging networks and is used by the operators of charging points EV fleets and other key players in the ecosystem. The platform is scalable and modular which m...

Volvo Group Begin Customer Deliveries Of All Electric Products

Launching a new generation of zero exhaust emissions products leading French contractor Eiffage has taken delivery of an all-electric Volvo FE Electric truck and a Volvo ECR25 Electric compact excavator – becoming the first recipient of the products in France. The machines support Eiffage’s low carbon strategy and are to work on the ambitious Grand Paris Express transport project in the French capital. This is a rapid transit initiative being buil...