As vehicle makers face growing costs to develop lower-emission
vehicles and automated driving capabilities, Volvo Trucks, owned
by Sweden's Volvo AB <VOLVb.ST>, said it would "absolutely" make
sense for its brands - which include Japan's UD Trucks, Sweden's
Scania and Mack Trucks in the United States - to share battery
"We're really striving to reuse a lot when it comes to expensive
components, which are expensive when it comes to development and
production costs ... not only between the truck brands but also
the bus brands and construction equipment," Lars Stenqvist,
chief technology officer at Volvo Group Trucks Technology, said
in an interview.
"The benefit of the group is that we can get high volumes when
we re-use components across the group."
UD Trucks said it planned to launch an all-battery electric
version of its Quon heavy-duty truck around 2020, after Volvo
Trucks earlier this month announced it would launch lithium-ion
battery powered, medium-duty trucks for deliveries and refuse
collection in Europe in 2019.
"Since we share technologies and platforms, it won't be
difficult for us to do this," said Douglas Nakano, senior vice
president of UD Trucks Technology during the same interview.
"Technologically speaking, we are ready."
Daimler AG-owned <DAIGn.DE> Japanese rival Mitsubishi Fuso began
selling an electric version of its Canter delivery trucks in
Japan and the United States last year, expanding into Europe
earlier this year, while Volkswagen AG's <VOWG_p.DE> truck
division has said it plans to launch a medium-duty truck in
North America by late 2019.
New technologies which have been disrupting the traditional auto
industry are also affecting the truck and heavy equipment
industry, as electric car maker Tesla Inc <TSLA.O> is expanding
into electric trucks, announcing last year it planned to start
producing a heavy-duty model by 2019.
To stay competitive, a growing number of vehicle makers are
trying to reduce development costs by leveraging scale, with the
truck units of Volkswagen and Toyota Motor Corp <7203.T>
announcing earlier this month that they were forming an
(Reporting by Naomi TajitsuEditing by Christopher Cushing)
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