Volvo Group and Daimler Truck are joining forces to lead the transformation to software-defined heavy-duty commercial vehicles, setting up a joint venture to develop a common software-defined vehicle platform. The aim is to create a standardized hardware and software foundation that will enable the companies to provide unique digital vehicle features, enhancing customer efficiency and experience in the industry.
The joint venture, with both companies as 50/50 partners, will operate independently and be headquartered in Gothenburg, Sweden. It will focus on developing a truck operating system that can be used to offer differentiating digital services and solutions to customers worldwide. This collaboration comes at a time when investments in CO2-neutral drive technologies are increasing, making digital technology development essential for meeting customer expectations efficiently.
The CEOs of Volvo Group and Daimler Truck emphasize the importance of digitalization in the vehicle industry, highlighting the potential for turning trucks into programmable devices through a standard software-defined platform. This collaboration aims to accelerate development, increase volumes, and share costs to provide value to customers through innovative digital solutions.
While the joint venture will set an industry standard for a truck operating system, Volvo Group and Daimler Truck will continue to compete in other areas of their businesses, offering unique product and service offerings. The agreement is non-binding, with a final transaction expected by Q1 2025, pending necessary approvals.
For more information about this partnership between Volvo Group and Daimler Truck, visit their official websites for updates. Stay tuned for further developments as these two industry leaders work together to shape the future of commercial vehicles with software-defined technology.
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