Tag: volvo

  • Volvo Group Venture Capital invests in Adnavem

    Volvo Group Venture Capital invests in Adnavem

    Volvo Group Venture Capital invests in Adnavem, an online marketplace for freight services that offers unbundled door-to-door transport.

    Using Adnavem transport buyers can choose the service providers for each part of the logistics chain themselves.

    ”We are set to change the multimodal transport industry. We can help transport buyers to find the best transport chains and strike a good balance between price, speed and environmental impact,” says Andreas Wramsmyr, founder and CEO of Adnavem.

    Adnavem was founded in 2017 and is based in Gothenburg, Sweden.

  • Volvo Trucks to launch a complete range of electric trucks in 2021

    Volvo Trucks to launch a complete range of electric trucks in 2021

    Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in Europe in 2021.

    The company is running tests of the electric heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks, which will be used for regional transport and urban construction operations in Europe.

    These trucks will have a gross combination weight of up to 44 tonnes. Depending on the battery configuration the range could be up to 300 km.

    Sales will begin next year and volume production will start in 2022.

    Volvo Trucks started manufacturing the Volvo FL Electric and Volvo FE Electric in 2019. These are electric trucks intended for city distribution and refuse operations, primarily in Europe.

    In North America, sales of the Volvo VNR Electric, a truck for regional transport, will start on December 3, 2020.

  • Volvo and Isuzu to start a strategic alliance within commercial vehicles

    Volvo and Isuzu to start a strategic alliance within commercial vehicles

    The Volvo Group and Isuzu Motors signed binding agreements to form a strategic alliance within commercial vehicles, in accordance with the Memorandum of Understanding signed in December 2019.

    The agreements include Isuzu Motor’s acquisition of UD Trucks from the Volvo Group for an enterprise value of JPY 243 billion (approx. SEK 20 billion).

    The parties intend to form a technology partnership, intended to leverage the parties’ complementary areas of expertise within both well-known and new technologies and creating a larger volume base to support investments for world-class technology.

    The technology partnership encompasses: 

    • Joint development by Isuzu Motors and UD Trucks of common platforms for medium heavy-duty truck models for the Japanese- and other Asian markets, utilizing amongst others Volvo Group technology. 
    • Intended cooperation regarding new technologies such as autonomous driving, connectivity and medium- and heavy-duty electrical vehicles.
    • Creating the best long-term conditions for a stronger heavy-duty truck business for UD Trucks and Isuzu Motors in Japan and across international markets by transferring ownership of the complete UD Trucks business from the Volvo Group to Isuzu Motors

    The Volvo Group and Isuzu Motors will establish a Joint Alliance Office, with facilities both in Japan and Sweden, which will be overseen by an Alliance Board comprising the Isuzu Motors President, the Volvo Group CEO and other key executives from the two groups. 

  • Volvo’s buses batteries to be reused as energy storage units

    Volvo’s buses batteries to be reused as energy storage units

    After the batteries are removed from Volvo’s buses, they are reused as energy storage units for a number of years, for instance in buildings and charging stations.

    This is possible after a new cooperation between Volvo Buses and Stena Recycling subsidiary Batteryloop.

    Bus batteries are used for many years in regular traffic before they need to be replaced. However, when new batteries are fitted to the vehicle, the old ones still have considerable capacity left to offer.

    This capacity is too limited to efficiently propel a bus, but it is more than sufficient for static use for energy storage purposes.

    The new recently signed agreement has a global reach. It covers all the batteries for which Volvo Buses is responsible in its electric buses the world over.

    To date most of these buses are to be found in Europe, but the number of electrified buses is expected to increase in other parts of the world too. 

    Volvo bus batteries are used as energy storage units to provide electricity to one neighbourhood in Gothenburg

    Batteryloop and Volvo Buses have already previously been involved in a joint project with Stena Fastigheter, whereby bus batteries are used as energy storage units to provide electricity to the Fyrklövern residential area in Gothenburg.

    The electricity that is stored in these units comes from solar panels fitted to the apartment buildings’ rooftops.

    The demand for local energy storage units is expected to increase in the future. Not least, an energy storage unit offers new scope for storing renewable energy, which can be used to meet peaks in electricity demand. Any surplus can be sold, delivered straight into the grid.