Volvo receives record order for 1000 electric trucks

Joy Onuorah
Joy Onuorah
Volvo receives record order for 1000 electric trucks

Volvo Group’s unit, Volvo Trucks, announced on Monday, a record-breaking deal to sell 1,000 electric trucks to Holcim, a leading Swiss building solutions provider.

This groundbreaking deal marks the largest commercial order for Volvo electric trucks to date.

The parent company that encompasses various truck brands, including Mack, Renault, and UD Trucks, AB Volvo said; “The deal is the largest commercial order to date for Volvo electric trucks.”

While the exact value of the order remains undisclosed, the first 130 trucks, including the heavy electric Volvo FH and Volvo FM models, are set to be delivered in late 2023 and throughout 2024.

The remaining delivery schedule for the trucks will be determined in collaboration with Holcim.

Initially, the trucks will be deployed in key European markets such as France, Germany, Switzerland, and Britain, with the objective of integrating all 1,000 trucks into Holcim’s operations across Europe.

Volvo Trucks aims to have electric trucks constitute 50% of its total sales by 2030.

The company has experienced a surge in orders for electric trucks in recent quarters as businesses intensify efforts to achieve their zero-emission goals.

To meet the rising demand, Volvo Trucks has initiated production scaling at three plants located in Sweden, France, and the United States.

Additionally, the company plans to commence production at a new facility in Belgium in the third quarter of 2023.

The entire Holcim order will consist exclusively of battery electric trucks. Alongside BEVs, Volvo, like other truck manufacturers, is actively developing hydrogen-powered fuel cell trucks, which are expected to enter the market in the latter half of this decade.

With this landmark order, Volvo Trucks solidifies its position as a frontrunner in the transition to sustainable transportation solutions, demonstrating the industry’s commitment to reducing carbon emissions and embracing innovative technologies.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *