Volvo Starts Heavy Electric 44 Ton Trucks Production

Volvo Trucks, an arm of Volvo AB CL (VOLVY.PK), said on Wednesday that it has started series of heavy electric, 44 ton trucks production.

The heavy-duty electric trucks, including Volvo FH, Volvo FM, and Volvo FMX, can operate at a total weight of 44 tons, and the three models represent around two thirds of the truck maker's sales.

Volvo Trucks will not have six electric truck models in series production globally.

Volvo's heaviest electric trucks production is expected to start in its Tuve factory in Gothenburg, Sweden. Next year, the production is scheduled to commence in the factory in Ghent, Belgium.

Roger Alm, President of Volvo Trucks, said: "We have sold around 1,000 units of our heavy electric trucks and more than 2,600 of our electric trucks in total. We expect volumes to increase significantly in the next few years. By 2030, at least 50 percent of the trucks we sell globally should be electric."

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