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Volvo To Supply 20 Electric Trucks To Amazon

  • Volvo ADR (OTC: VLVLYtruck manufacturing division will deliver fully electric heavy-duty trucks to Amazon.Com, Inc. (NASDAQ: AMZN) in Germany by the end of 2022.

  • The 20 Volvo FH Electric are expected to drive more than one million road kilometers annually, fueled with electricity instead of diesel.

  • The VolvoFH has a battery capacity of 540 kWh, an output power of 490 kW, and a range of 300 kilometers.

  • Volvo Trucks started the series production of heavy-duty electric trucks in September 2022.

  • The electric product range, FH, Volvo FM and Volvo FMX trucks, is expected to help Volvo reach its global target of selling 50% of its trucks with battery or fuel cell electric.

  • "Big actors in the transport business play a key role in leading the industry's efforts to lower its carbon footprint," said Jessica Sandström, SVP of Product Management at Volvo Trucks.

  • Price Action: VLVLY shares traded lower by 1.53% at $14.84 on the last check Thursday.

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