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

The Volvo motor group said Monday it plans to share its battery technology with other companies to control the high development and production costs of key components, Reuters reported on April 23. The world's second-largest truck maker is trying to scale up the development and production of electric trucks.

Volvo wants to share its battery technology with other brands, including Japan's UDTrucks, Sweden's Scania and the US's MacTrucks, as carmakers face growing costs, low emissions and the development of autonomous driving technology.

"When it comes to component development and production, we want to be able to cut costs in some way. Guanlaersi, Volvo's chief technology for truck technology, told Reuters in an interview. "Not just the truck brand, but the future will also include car brands and construction equipment. "

UDTrucks said it plans to launch an all-electric Quon heavy truck around 2020. Volvo had already announced earlier this month that it would launch a mid-size, lithium-ion battery-powered truck for Europe in 2019 to carry out tasks such as urban transport and garbage delivery.

"Without shared technologies and platforms, it's hard to do that. Douglas Nakano, senior vice president of UDTrucks, said. "Technically, we're ready. "

UdTrucks 'Japanese rival, Mitsubishi Fuso of Daimler AG, began selling electric Canter trucks to Japan and the US last year and began expanding into Europe earlier this year. Volkswagen's truck division also said it plans to launch a medium-sized electric truck for the North American market by the end of 2019.

After toppling the traditional car industry, electric car leader Tesla has begun to extend its reach to the truck and heavy equipment industries, launching the semi heavy electric truck last year and planning to go into production by 2019.

A growing number of automakers are hoping to use scale to reduce development costs. The Volkswagen and Toyota truck divisions said earlier this month that they had plans to form a partnership.

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