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Volvo Group And Daimler Truck Intend To Form Joint Venture For Innovative Software-Defined Vehicle Platform

Author: Benzinga Newsdesk | May 17, 2024 05:04am

Volvo Group and Daimler Truck share the ambition to lead transformation to software-defined heavy-duty commercial vehicles to enhance customer efficiency and experience.
Both companies intend to create a joint venture to become the leading developer of a software-defined heavy-duty vehicle platform, including software and hardware, providing the basis for differentiating digital vehicle features.
The new company is intended to be a 50/50 joint venture to be headquartered in Gothenburg, Sweden.

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