High-priced technology pushes trucking rivals into unusual alliances
Japanese truck makers latest to combine powertrain and autonomous efforts
0 398 5 minutes read Truck makers are forming alliances to share the cost burden of advanced technologies. (Photo: Toyota)
Battery-electric trucks. Hydrogen-powered fuel cells. Hybrid technologies. Diesel-powered semis. Self-driving trucks. All share a common theme: They are too expensive to develop alone.
Rival truck manufacturers will scrap for every fleet contract. But they increasingly take a pragmatic approach to technology partnerships.
“We’ve seen it in the past. And it generally works out pretty well,” said Mike Ramsey, a Gartner Inc. vice president and automotive and smart mobility analyst. “Ford and GM hate each other. But they have a transmission they built together.”
Daimler, Volvo launch fuel-cell truck partnership
equipmentworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equipmentworld.com Daily Mail and Mail on Sunday newspapers.
戴姆勒卡车和沃尔沃集团燃料电池合资企业已成立
sina.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.cn Daily Mail and Mail on Sunday newspapers.
Mar 01, 2021
A key goal of Daimler Truck AG and the Volvo Group is to start with customer tests of trucks with fuel-cells in about three years and to commence series production during the second half of this decade.
Daimler Truck AG and the Volvo Group on Monday announced the two companies have completed the formation a previously announced fuel-cell joint venture.
The Volvo Group and Daimler Truck AG in November 2020 signed a binding agreement for the joint venture, whereby Volvo Group acquired 50% of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for more than $700 million and agreed to rename the company cellcentric GmbH & Co. KG.