Control the high development and production costs of key components Volvo will share truck battery technology

　　According to Reuters news on April 23, Volvo Car Group said on Monday that it plans to share its own battery technology with other companies to control the high development and production costs of key components. At present, the world's second largest truck manufacturer is working hard to increase the research and development and productivity of electric trucks.

　　According to Reuters news on April 23, Volvo Car Group said on Monday that it plans to share its own battery technology with other companies to control the high development and production costs of key components. At present, the world's second largest truck manufacturer is working hard to increase the research and development and productivity of electric trucks.

　　As automakers face increasing costs, low emissions, and the development trend of autonomous driving technology, Volvo hopes to share its battery technology with other brands, including brands such as UDTrucks in Japan, Scania in Sweden, and MackTrucks in the United States.

　　"When it comes to component development and production, we hope to be able to cut costs in some ways." Volvo Group Truck Technology Chief Technology Officer Lars-Stenqvist (LarsStenqvist) said in an interview with Reuters. "Not only truck brands, but also automobile brands and construction equipment in the future."

　　UDTrucks said that it plans to launch an all-electric version of Quon heavy-duty trucks around 2020. Earlier this month, Volvo had announced that it would launch medium-sized trucks powered by lithium-ion batteries for the European market in 2019 to complete tasks such as urban transportation and garbage transportation.

　　"If there is no shared technology and platform, it is difficult for us to do this." UDTrucks senior vice president Douglas-Yachen (Douglas Nakano) said. "Technically speaking, we are ready."

　　UDTrucks’ rival in Japan, Daimler AG’s Mitsubishi Fuso (Mitsubishi Fuso), began selling electric version of Canter trucks to the Japanese and American markets last year, and began to expand into the European market at the beginning of this year. Volkswagen's truck department also stated that it plans to launch a medium-sized electric truck for the North American market by the end of 2019.

　　After subverting the traditional automobile industry, Tesla, the leader of electric vehicles, has begun to extend its tentacles to the truck and heavy equipment industry. The company released the Semi heavy-duty electric truck last year and plans to put it into production by 2019.

　　In order to remain competitive, more and more automakers hope to reduce development costs by using economies of scale. Volkswagen and Toyota Truck Department stated earlier this month that the two parties already have plans to form a cooperative alliance.