AB Volvo Overview
Company Headquarters: Gothenburg, Sweden
Founded: 1927
Workforce: NA
Company Working: AB Volvo (Volvo) provides commercial transport solutions. The company also manufactures and sells equipment for the construction market and drive systems for marine and industrial applications. The company also provides industrial information technology (IT) solutions, logistics solutions and support services such as roadside assistance, fuel management, and driver training. The company manufactures a wide range of medium-heavy to heavy trucks for regional transport, long-haul and construction operations under the Volvo, Renault Trucks, Mack Trucks, and UD brands. Volvo operates production facilities in several countries and markets its products worldwide, including Sweden, France, Japan, the US, China, Brazil, and South Korea. Volvo is headquartered in Gothenburg, Sweden.
Strategy
AB Volvo has formed a strategic partnership with Samsung SDI to create battery packs for the Volvo Group's electric trucks. Sharing the Green Deal vision of sustainable transportation and a carbon-neutral Europe by 2050, the Company and Daimler Truck have formed cell centric, fuel-cell joint venture. The company has agreed to install and operate a high-performance public charging network for battery-electric heavy-duty long-haul trucks and coaches across Europe with Daimler Truck and the Traton Group. The company works with SSAB on the research, development, serial production, and commercialization of the world's first fossil-free steel vehicles. In addition, the company has a strategic alliance with Isuzu Motors.
