Volvo Group and Samsung SDI have entered into a strategic alliance to develop battery packs for Volvo Group’s electric trucks. Volvo Group aims to work 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 electric truck applications. Samsung SDI intends to provide battery cells and modules, with the technology utilized for assembly in Volvo’s manufacturing operations.
“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,” says Martin Lundstedt, president and CEO, Volvo Group. “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.”
“With this collaboration we are well-positioned to meet the increased market demands. By utilizing Samsung SDI’s strong battery technology knowledge, we have strengthened our powerful electromobility technology even further,” says Andrea Fuder, chief purchasing officer, Volvo Group.
“Samsung SDI is truly privileged to enter into a strategic alliance with the Volvo Group, “says Young-Hyun Jun, CEO, Samsung SDI. “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.”