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.
Volvo collaborates with California stakeholders to showcase potential of Connected Vehicle Technologies
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.
Volvo Construction Equipment ended 2018 strongly, the company says that it not only posted its best set of annual financial results ever, but also helped parent company the Volvo Group achieve record results. Growth in both machine and service businesses, and increased demand from construction, infrastructure and mining in all major markets, helped Volvo CE deliver strong improvements in sales, operating income and order intake.
Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, announced an investment in Momentum Dynamics Inc - a leading company in high power wireless charging of electric vehicles.
The mine of the future is carbon-dioxide-free, digitalized and autonomous. To set a new world standard for sustainable mining at great depth, LKAB, Epiroc, ABB, Combitech and AB Volvo have joined forces in a partnership and are starting a unique testbed in the orefields of northern Sweden.