Sweden-based truck maker Volvo Trucks announced on May 22 that it secured a significant electric truck agreement with global building solutions provider Holcim, marking the brand’s biggest commercial order in history.
Deal
The press release disclosed that Volvo Trucks inked a letter of intent to supply Holcim with 1,000 e-trucks from now to 2030.
Volvo committed to delivering 130 units to key markets like France, Switzerland, Germany, and the United Kingdom in Q4 2023 and 2024.
Unfortunately, neither Volvo nor Holcim mentioned anything regarding technical data. Nonetheless, the series might be for the construction industry, i.e., the recent models are rigid chassis that can support cranes, concrete mixers, and refuse compactors.
Benefits
Holcim’s major e-truck acquisition will aid its plan to deploy 1,000 Volvo trucks throughout its European operations from now to 2030.
“The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonize our European operations’ logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030.”
Jan Jenisch, Holcim’s Chairman and CEO
Likewise, the deal will support Volvo Truck’s CO2 reduction objectives, apart from the significant profit it would gain from the acquisition. The brand aims to have its e-trucks contribute 50% of its global sales by 2030 and hit 100% electrification by 2040.
“Long-term collaboration and a strong commitment to really make a difference are essential for making big CO2 reductions a reality. I’m very proud of the partnership we have developed with Holcim, and the results we are achieving together.”
Martin Lundstedt, Volvo Group’s President & CEO
See Also:
- Volvo Trucks expands its range with new electric trucks
- Volvo Trucks increases production of 44-ton heavy-duty electric trucks
- Volvo secured a record order for its FL e-trucks in Australia
- Volvo launches first electric trucks featuring fossil-free steel
- DHL Places large orders of Electric Trucks from Volvo
Volvo Trucks emphasized that replacing 1,000 current Volvo FH diesel trucks with FH Electric units could save up to 50,000 tons of CO2 annually.
The brand further noted that in addition to being the First Movers Coalition’s (FMC) founding members, both firms committed to the Science-based objectives project, which promotes aggressive climate action in the corporate sector.
