Thursday, July 18, 2019

Truck Manufacturer Commits to Electric HGVs with New Technology Partnership

Swedish and Korean Groups Cooperate on Battery Power
Shipping News Feature
SWEDEN – SOUTH KOREA – It seems the vow which Volvo made in 2017 that by this year it would not produce any cars entirely reliant on carbon based fuels may also have relevance in the world of HGVs. The cars are produced by Chinese owned Geely Holdings but truck manufacturing remains in the hands of AB Volvo, which has just entered into a strategic alliance to develop battery packs for Volvo's electric trucks with Samsung SDI to accelerate the speed of development and strengthen the long-term capabilities and assets within electromobility, to the benefit of customers in different truck segments and markets.

The alliance will cover joint development of battery packs specifically developed for Volvo Group’s truck applications. Samsung SDI intends to provide battery cells and modules to meet the demand for the Volvo Group’s electric trucks. The intention is that Volvo Group will utilize Samsung SDI’s battery pack technology for assembly in Volvo Group’s manufacturing operations.

In its usual way, Volvo has released a video explaining itself and both owners trading under the name obviously see electrification as the way forward (Volvo cars announced its five next models would be released by 2021, all being totally electric powered) and Martin Lundstedt, President and CEO of the Volvo Group, commented:

“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. 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.”

The arrangement was also welcomed by Volvo’s Chief Purchasing Officer, Andrea Fuder, who said she welcomed the expertise the new collaborator would bring, using the Korean company’s experience in battery technology to enable Volvo to face the increased market demands, whilst Young-Hyun Jun, CEO Samsung SDI, added:

“Samsung SDI is truly privileged to enter into a strategic alliance with the Volvo Group. 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.”