Cement Maker Orders up to 1,000 Volvo Electric Trucks

Holcim Signs Letter of Intent for FH, FM Trucks
Volvo FM electric truck
A Volvo FM electric truck (Krisztian Bocsi/Bloomberg)

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Volvo Trucks has signed a letter of intent to sell up to 1,000 electric trucks to a single customer in its largest EV order to date, the manufacturer announced May 22.

The Gothenburg, Sweden-based truck maker said the deal with Swiss-based building services provider Holcim extends from now through 2030, with the first 130 trucks to be delivered in 2023 and 2024.

“Long-term collaboration and a strong commitment to really make a difference are essential for making big CO2 reductions a reality,” Volvo Group CEO Martin Lundstedt said. “I’m very proud of the partnership we have developed with Holcim, and the results we are achieving together.”

The agreement is a result of a wider partnership between Holcim and Volvo Group. The first batch of trucks will be Volvo FH and Volvo FM models delivered to markets including France, Germany, Switzerland and the U.K. during the fourth quarter of 2023 and throughout 2024.

“The net-zero transition requires deep collaboration across value chains,” Holcim CEO Jan Jenisch said. “We are excited to be partnering with Volvo to decarbonize our European operations’ logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030.” 

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