Volvo Group and Samsung SDI have agreed a strategic alliance to develop battery packs for electric trucks.
The alliance aims to speed development and strengthen the long-term capabilities and assets within electromobility.
The alliance will cover joint development of battery packs specifically developed for truck applications. Samsung will provide battery cells and modules to meet the demand for the group's electric trucks. Volvo Group will use Samsung SDI's battery pack technology for assembly in its own manufacturing operations.
"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. 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," said Martin Lundstedt, president and CEO of the Volvo Group.
"We welcome the expertise Samsung SDI brings into the group. With this collaboration we are well-positioned to meet the increased market demands. By utilising Samsung SDI's strong battery technology knowledge, we have strengthened our powerful electromobility technology even further," said Andrea Fuder, chief purchasing officer at Volvo.