01 December 2024

As per plans announced in May, Daimler Truck and Volvo Group have signed a binding agreement to establish a new 50/50 joint venture in Sweden to develop a software-defined vehicle platform for heavy-duty vehicles and drive the industry transformation.

The move comes in line with the intent of the two leading companies in the commercial vehicle industry to create a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles.

The platform will enable Daimler Truck and Volvo Group and potential other future customers of the joint venture to provide stand-alone digital vehicle functions for their products.

“The signing demonstrates our joint commitment to lead the digital transformation of our industry. The software and hardware from this joint venture will be crucial for achieving unprecedented levels of safety, comfort, and efficiency for our customers,” says Karin Rådström, CEO of Daimler Truck.

Martin Lundstedt, President and CEO of the Volvo Group, adds: “We are joining forces to redefine software architecture and pioneer a new era of self-optimising trucks. Together, we are removing complexity to allow our customers to unlock higher levels of connectivity, safety and efficiency and continually push for a greater performance. It is a revolutionary response to the challenges of our modern world, and we are proud to be setting the industry standard.”

The joint venture will be engaged in the specification and procurement of centralised high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data. The new company will develop an operating system and tools which vehicle manufacturers can use as a basis to develop their own differentiating digital vehicle features. This will decouple software and hardware development cycles in the future and enable customers to purchase and update digital applications wirelessly ‘over the air’, ultimately enhancing customer efficiency and experience.

Daimler Truck and Volvo Group will remain competitors and continue to differentiate their complete product and services offerings, including their digital solutions. n

 

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