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Data Science and Artificial Intelligence (AI) are growing fast as key enablers for future transport solutions.
`Press release
04/29/2021
Gothenburg, Sweden / Stuttgart, Germany – Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the ambition of becoming a leading global manufacturer of fuel-cell systems, cellcentric will build one of Europe’s largest planned series production of fuel-cell systems, with operation planned to commence in 2025. To accelerate the rollout of hydrogen-based fuel-cells, the two cellcentric shareholders call for a harmonized EU hydrogen policy framework to support the technology in becoming a viable commercial solution.
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For most people, heavy-duty trucks are still seen as essentially mechanical products. “When you see one on the street, the last thing you consider is how much software it has. But in reality, a truck today is almost like a smartphone on wheels,” says Reza Javaheri.
`Press release
04/26/2021
Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities
Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to niche products and solutions.
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Volvo Group is developing electric versions of the Volvo heavy-duty truck range in Europe. How will electric vehicles affect the haulier’s daily business? What are the requirements for charging infrastructure? Volvo Group has joined in a unique collaboration to learn more about electric freight transport systems.
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“The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion. The good sales volumes, not least in the service business, and our own measures to keep costs down contributed to the adjusted operating income improving to SEK 11.8 billion (7.1). The adjusted operating margin increased to a historically high 12.6% (7.8),” says Martin Lundstedt, President and CEO.
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With the sales start this year of three new heavy-duty all-electric models, Volvo Trucks believes the time is right for a rapid upswing in electrification of heavy road transport. This positive outlook is based on the ability of Volvo’s electric trucks to meet a broad variety of transport needs. In the EU for example, almost half of all truck transports could be electrified in the near future.
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The Volvo Group will hold a Capital Markets Day on November 11, 2021. During the day, executive management will outline the Group’s strategic direction, which is built on the pillars Perform and Transform. This covers both the measures to continue to improve performance as well as the transformation journey towards new, sustainable solutions such as battery and fuel cell electric vehicles as well as autonomous solutions.
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How can you support society and strengthen business simultaneously? Johan Reiman, Director of Corporate Responsibility at Volvo Group, describes the concept of Creating Shared Value as a way to combine the two. “Creating Shared Value is a business philosophy designed to solve social issues profitably. It sees corporate responsibility activities as an opportunity to strengthen and develop both business and society.”
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The Swedish Institute, in cooperation with the Embassy of Sweden New Delhi, the Volvo Group, IKEA, Ericsson One and other organisations, was hosting a 42-hour digital hackathon called the Sweden-India Mobility Hack on the topic of “Changing the Way We Move”.
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