Volvo Group and Samsung SDI form a strategic alliance to develop Volvo Group electric truck batteries. Through a partnership with Samsung SDI, the Volvo Group intends to accelerate the development of solutions, as well as develop long-term capabilities and assets in the field of electric mobility, which will turn out to be beneficial for customers in different markets and from different segments of truck applications.
The Union aims to jointly develop batteries specifically designed for Volvo Group trucks. Samsung SDI intends to provide battery packs and modules, helping Volvo Group meet the demand for electric trucks. The Volvo Group is expected to use Samsung SDI battery technology to assemble its products.
“The Volvo Group is one of the world’s largest manufacturers of commercial vehicles. Thanks to electric mobility, we will be able to provide cleaner and quieter solutions to meet the growing demand for transportation. This opens up new opportunities for our customers and society as a whole. The alliance with Samsung SDI is the next important step towards creating the most environmentally friendly transportation system in the world that will use fossil-free alternative fuels for our commercial vehicles, ”says Martin Lundstedt, President and CEO of Volvo Group.
Volvo Group and Samsung SDI form a strategic alliance to promote electric mobility
“Samsung SDI was truly honored to enter into a strategic alliance with the Volvo Group. Entering the patrimony of mobility and transportation, we confidently believe that this alliance will allow us to offer remarkable solutions in the field of energy, safety and environmental protection both within the industry of commercial vehicles and beyond. We are convinced that this union will guarantee the long-term leadership of the two companies in the market, ”said Jun Young-hyun, CEO of Samsung SDI.
“We are delighted that the Samsung SDI will put its expertise at the service of the Volvo Group. Thanks to this cooperation, we will be able to perfectly meet the increased needs of the market. Using Samsung SDI’s deep knowledge of battery technology, we’ll develop our own advanced electric mobility technology, ”said Andrea Fuder, Purchasing Director, Volvo Group.