Volvo Group and Samsung SDI enter strategic alliance for electromobility
The alliance will cover joint development of battery packs specifically developed for Volvo Group’s truck applications. Samsung SDI intends to provide battery cells and modules to meet the demand for the Volvo Group’s electric trucks. The intention is that Volvo Group will utilize Samsung SDI’s battery pack technology for assembly in Volvo Group’s manufacturing operations. “Volvo Group is one of the world’s largest manufacturers of CVs. With electromobility the increasing needs for transport will be done in a cleaner and quieter way which opens up new possibilities for our customers and society as a whole. 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,” says Martin Lundstedt, President and CEO of the Volvo Group.
We are confident that this alliance will secure the market leadership of the two companies in the long-term,” says Young-Hyun Jun, CEO Samsung SDI.