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With Goals Set for the Next Decade, Volvo Signs Contract with Swiss Company Holcim for the Supply of 1,000 Electric Trucks, Marking a Historic Achievement for Both Companies.
Volvo, a renowned manufacturer of commercial vehicles, announced the signing of the largest electric truck supply contract in its history. In partnership with Swiss construction company Holcim, the Swedish firm will supply a total of 1,000 electric trucks over the next seven years. This agreement represents a significant milestone for Volvo Trucks, whose goal is to shift up to 50% of its truck sales to electric traction by the end of the decade.
Delivery of the First Electric Trucks and Volvo Factories Spread Around the World
The first batch, consisting of 130 Volvo FH and FM electric trucks, will be delivered to the customer between the fourth quarter of this year and the end of 2024.
The exact cost of this contract has not been disclosed, but Holcim, with its divisions in France, Germany, Switzerland, and the United Kingdom, will be the first to receive these electric vehicles from Volvo.
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As new batches are produced, the trucks will be distributed across Europe. The delivery schedule for the remaining 870 vehicles will be determined in collaboration with Holcim.
Volvo Trucks already manufactures electric trucks in three different locations: Sweden, France, and the United States.
Additionally, in the third quarter of this year, a new facility in Belgium will go into operation. All Volvo trucks provided under the contract with Holcim will be battery-powered electric vehicles.
Although Volvo Trucks is considering the construction of hydrogen fuel cell trucks, this is likely to be realized on a larger scale only in the second half of this decade.
Ambitious Goal of the Swedish Company and the Benefits Provided by Electric Vehicles
With the aim of driving electric vehicle adoption, Volvo Trucks plans that by 2030, 50% of all its truck sales will be electric models.
The company has reported promising financial results, with a significant increase in orders for electric trucks in recent quarters.
This increase reflects the efforts of companies to meet zero-emission targets and contribute to a more sustainable future.
Volvo’s electric vehicles offer a range of significant benefits. In addition to helping reduce carbon footprint and air pollution, these vehicles provide quieter operation compared to diesel-powered trucks.
They also offer excellent torque and performance, contributing to an enhanced driving experience.
Furthermore, Volvo’s electric trucks come equipped with advanced safety features and cutting-edge technology, ensuring greater peace of mind for drivers and operators.
