A Volvo Group subsidiary, Volvo Autonomous Solutions based in Gothenburg, Sweden, has entered a strategic partnership with start-up software company, Aurora Innovations Inc of Mountain View, California, United States to develop jointly global autonomous transport solutions at scale.

The Volvo Group of Gothenburg, Sweden has completed the previously announced sale of its Japanese truck and bus subsidiary, UD Trucks Ltd of Ageo, Saitama to Isuzu Motors Ltd of Tokyo, Japan for an enterprise value of JPY243bn (approximately SEK19bn / EUR1.86bn) on a cash and debt free basis.

Volvo Group has signed definitive agreements to acquire 60% of Designwerk Technologies AG, an engineering company in Winterthur, Switzerland which develops and sells electromobility products and engineering services.

Daimler Truck and the Volvo Group have completed transactions allowing the formation of their previously announced fuel-cell joint venture.

Volvo Energy, is the name of a new business area within the Volvo Group in Gothenburg, which aims to strengthen the business life cycle of batteries as well as benefitting the customer by using ‘used batteries’ as a way of charging infrastructure.

Daimler Trucks AG, Iveco SpA and the Volvo Group have committed to work alongside Austrian oil company, OMV and Dutch firm, Shell New Energies NL BV under a new EU initiative called H2Accelerate, to help create conditions for mass-market roll-out of hydrogen trucks in Europe.

MobilityXlab is the name of the innovation hub run by the Volvo Group since September 2017 in partnership with five other global mobility companies: CEVT, Ericsson, Veoneer, Volvo Cars and Zenuity, and this year it plans to welcome no fewer than 11 start-up companies to join the innovation accelerator.