Volvo Group and Samsung SDI have entered a brand new strategic alliance that focuses on the event and provide of batteries for Volvo’s electrical vehicles.
The 2 firms will collectively develop battery packs for Volvo’s massive electrical vehicles, with Samsung offering battery cells and modules. Volvo will use the battery pack tech within the meeting of its manufacturing operations.
Volvo delivered its first electrical truck earlier this yr within the type of the Volvo FL Electric. These had been “pre-series manufacturing automobiles.” Volvo introduced its intention to carry a “restricted” variety of vehicles to European markets within the second half of 2019.
Volvo additionally unveiled an all-electric garbage truck in addition to an autonomous, cab-less all-electric truck final yr, and teased its Volvo VNR Electric semi, which it plans on testing this yr earlier than promoting in North America in 2020.
In Samsung, Volvo now appears to have a accomplice that may assist it attain its electrical truck objectives. Martin Lundstedt, president and CEO of the Volvo Group, stated in an announcement:
Volvo Group is among the world’s largest producers of business automobiles. With electromobility, the growing wants for transport shall be performed in a cleaner and quieter approach, which opens up new prospects for our prospects and society as a complete. The alliance with Samsung SDI is a vital subsequent step on our journey towards providing the world’s most actually sustainable transport system, with fossil-free alternate options for our business automobiles.
CEO Samsung SDI CEO Younger-Hyun Jun stated:
Samsung SDI is really privileged to enter right into a strategic alliance with the Volvo Group. As we stand on the crosscurrents of the mobility and transportation business, we’re satisfied that this alliance will present superior choices pertaining to power, security, and sustainability to the business car business and past. We’re assured that this alliance will safe the market management of the 2 firms in the long run.
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