Sweden's AB Volvo starts series production of heavy electric trucks

Published 09/14/2022, 01:21 AM
Updated 09/14/2022, 02:55 AM
© Reuters. The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly

STOCKHOLM (Reuters) -Swedish truck maker AB Volvo said on Wednesday it was starting series production of heavy electric trucks, catering to a growing demand for zero-emission transport.

It said in a statement it was beginning series production of the electric versions of models Volvo FH, Volvo FM and Volvo FMX, which represent around two thirds of group sales.

It added that in total, Volvo now has six electric truck models in series production globally.

© Reuters. The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly

Volvo, whose largest owners are Sweden's Industrivarden and China's Geely Holding, said that so far it had sold over 2,600 electric trucks in total, whereas around 1,000 of those were heavy electric.

Volvo AB (OTC:VLVLY) has set a target that half of its global truck deliveries should be electric by 2030.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.