Trucking news and briefs for Thursday, Jan. 28, 2021:
Volvo creates commercial vehicle electrification-focused business unit
Volvo Group announced its new business area, Volvo Energy, that will focus on commercial vehicle electrification by strengthening the company's battery and charging infrastructure offerings.
The company adds that the environmental impact from electric and hybrid commercial vehicles will be reduced by giving used batteries a second life in different applications.
“There is a great and growing interest for electric vehicles and machines among our customers,” said Martin Lundstedt, Volvo Group President and CEO. “This is of course very positive as it accelerates the transition towards more sustainable transport solutions. Our ambition is to offer our customers the most competitive solutions when it comes to electrification, including batteries and charging infrastructure. With Volvo Energy, we are taking a holistic view of the entire life cycle, which benefits both our customers’ business and society as a whole.”
Volvo Energy will have both an internal role in the company, providing batteries and charging for Volvo’s other business areas, and an external role offering used, remanufactured and refurbished batteries to customers for use across different applications.
Volvo Energy will also carry the company’s responsibility for hydrogen infrastructure solutions for fuel cell electric vehicles.
Joachim Rosenberg, member of the Volvo Group Executive Board and Chairman of UD Trucks, will head the new business area.
