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Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

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New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. Volvo Trucks has the largest market share at 42%. Data: IHS Markit.

Volvo 455
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BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

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From 2025 on, the company plans to source steel produced with up to 95% less CO 2 emissions and without requiring fossil resources such as coal. H2 Green Steel is building its steel production site in the province of Norrbotten in northern Sweden, close to the Arctic Circle.

Sweden 341
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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

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National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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Fuel cell company PowerCell Sweden cooperates with Swiss Hydrogen SA to market fuel cell systems

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Fuel cell company PowerCell Sweden AB has signed a Memorandum of Understanding with Swiss Hydrogen SA, a Switzerland-based company that develops hydrogen fuel cell systems for mobile and stationary applications. The two companies will cooperate to market and sell high performance fuel cell systems based on PowerCell’s stacks.

Sweden 150
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SSAB, Oshkosh partner to be first in US to use fossil-free steel in commercial vehicles

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Later that year, Volvo Group revealed what it said was the world’s first vehicle made of fossil-free steel from SSAB, made in Volvo Construction Equipment’s facility in Braås, Sweden. SSAB aims to deliver fossil-free steel to the market in commercial scale during 2026 and delivered the first steel made of hydrogen-reduced iron in 2021.

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NEVS finalizes acquisition of main assets of Saab; new company solely focused on EVs

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National Electric Vehicle Sweden AB (NEVS), an international consortium formed by Swedish and Chinese stakeholders, finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective 31 August 2012. Earlier post.).

Companies 265
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Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

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Aurobay will become part of the new global company specializing in hybrid and low- emission powertrains being formed by Renault and Geely. The proceeds from the divestment will be used in Volvo Cars’ transformation to a fully electric company, including its new production line for electric motors in Skövde, Sweden.

Volvo 318