Volvo and Samsung have entered into a strategic alliance to develop battery packs for electric trucks. Working together with Samsung SDI, Volvo Group says it’s aiming to strengthen its long-term capabilities and assets within the electromobility sector.
Martin Lundstedt, President and CEO of the Volvo Group, says: “Volvo Group is one of the world’s largest manufacturers of commercial vehicles. With electromobility the increasing needs for transport will be done in a cleaner and quieter way which opens up new possibilities for our customers and society as a whole.”
He adds: “The alliance with Samsung SDI is an important next step on our journey towards offering the world’s most truly sustainable transport system with fossil-free alternatives for our commercial vehicles.”
Young-Hyun Jun, CEO Samsung SDI, says “As we stand at the crosscurrents of the mobility and transportation industry, we are convinced that this alliance will provide superior offerings pertaining to energy, safety and sustainability to the commercial vehicle industry and beyond. We are confident that this alliance will secure the market leadership of the two companies in the long-term.”
The partnership is the second major announcement this year. In June Volvo Group signed an agreement with NVIDIA to jointly develop the decision making system of autonomous commercial vehicles and machines.