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Volvo Group and Samsung SDI have entered into a strategic alliance to develop battery packs for Volvo Group's electric trucks. Working together with Samsung SDI, Volvo Group aims to accelerate the speed of development and strengthen the long-term capabilities and assets within electromobility, to the benefit of customers in different truck segments and markets.
Volvo Group and the Construction Climate Challenge, an initiative of Volvo Construction Equipment, recently sponsored the California Climate Cup, a competition among innovative startup entrepreneurs whose companies address climate resilience and carbon reduction measures.
The Volvo Group has announced plans to invest nearly $400 million over six years to upgrade the New River Valley, Virginia plant that produces all Volvo trucks sold in North America. The upgrades include expansion of the industrial footprint and installation of a variety of state-of-the-art equipment that will improve plant efficiency and deliver even higher product quality for customers.
The Volvo Group has signed an agreement with NVIDIA to jointly develop the decision making system of autonomous commercial vehicles and machines. Utilizing NVIDIA's end-to-end artificial intelligence platform for training, simulation and in-vehicle computing, the resulting system is designed to safely handle fully autonomous driving on public roads and highways.
When Volvo first started to explore electromobility back in 2005, the main driver was the need to reduce exhaust emissions and fuel consumption in our cities. But it is really over the last two years that we have seen this huge shift from local to global – with electromobility being recognized as a key tool in tackling climate change on a much wider scale. The company says that electric trucks are vital for meeting EU legislation calling for a 15 percent reduction in CO2 emissions for heavy-duty trucks by 2025. And that begins in cities with buses, refuse trucks, city distribution and urban construction – all powered by electric technology.
The Volvo Group's Hagerstown powertrain manufacturing facility received $1,180,400 in rebate incentives from Potomac Edison for a number of energy efficiency upgrades made at the site since 2016, which has saved the equivalent of 9,158,862 kilowatt-hours of electricity, enough to power 759 average homes for a full year.
Advances in electric-driven technology and improved battery capacity are powering Volvo Penta's pledge to offer electrified solutions by 2021.
On March 6, 2019, Volvo Group participated in a demonstration of Eco-Drive technology with a Volvo VNL along two connected freight corridors in Carson, California. Eco-Drive integrates traffic signal data with vehicle dynamics to provide real-time speed recommendations. This mitigates harsh driving maneuvers and can therefore reduce the impact of freight movement through disadvantaged communities.
DEX Heavy Duty Parts LLC, a Volvo Group subsidiary and supplier of recycled, renovated and surplus medium- and heavy-duty truck parts, is opening a second facility in Oklahoma City. DEX, which also has a location in Advance, North Carolina, offers new life to trucks by offering recycled and renovated parts to second- and third-generation truck owners.
Demonstrating the breadth of the Volvo Group, Volvo CE will be joined at bauma 2019 by sister companies Volvo Penta, Volvo Trucks and Volvo Financial Services. The companies' participation at the show is much more than a static display - it's a live event. Under the theme of Building Tomorrow, Volvo's 2,293m2 indoor stand in Hall C6 and 5,870m2 outdoor stand at FM714 will be a non-stop interactive performance featuring the complete product and service portfolio, for today, tomorrow and well into the future.
