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Volvo announces partnership with Samsung

Battery packs for Volvo Group's electric trucks will be developed in partnership with global electronics tech leader Samsung SDI the commercial vehicle manufacturer announced this week.

The collaboration with Samsung SDI is expected to help Volvo accelerate and strengthen its electromobility assets across all truck segments and markets.

Battery packs, under the joint venture, will be developed specifically for Volvo Group's truck applications.

Samsung SDI intends to provide battery cells and modules to meet the demand for Volvo Group's electric commercial vehicles with a view of utilising battery pack technology for assembly in Volvo Group's manufacturing operations.

As electromobility facilitates a cleaner and quieter way to meet increasing demands across transport it will open up new possibilities for Volvo customers according to Volvo Group President and CEO Martin Lundstedt.

“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,” he said.

The alliance according to Samsung SDI CEO Young-Hyun Jun says will provide superior offerings in energy, safety and sustainability for the commercial vehicle industry.

“We are confident that this alliance will secure the market leadership of the two companies in the long-term,” he said.

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