Volvo Group and Daimler Truck sign binding agreement for joint venture to develop software-defined vehicle platform
Volvo Group (VLVLY) and Daimler Truck have signed a binding agreement to establish a 50/50 joint venture focused on developing a software-defined vehicle platform for heavy-duty vehicles. The new company, to be headquartered in Gothenburg, Sweden, will develop a truck operating system and offer brand-agnostic products to other commercial vehicle OEMs. The joint venture will create centralized high-performance control units and develop an operating system enabling wireless 'over the air' updates. The transaction is expected to complete in H1 2025, subject to regulatory approvals. Both companies will remain competitors in all other business areas.
Volvo Group (VLVLY) e Daimler Truck hanno firmato un accordo vincolante per costituire una joint venture 50/50 focalizzata sullo sviluppo di una piattaforma veicolare definita dal software per veicoli pesanti. La nuova società, che avrà sede a Gothenburg, Svezia, svilupperà un sistema operativo per camion e offrirà prodotti neutri rispetto ai marchi ad altri produttori di veicoli commerciali. La joint venture creerà unità di controllo centralizzate ad alte prestazioni e svilupperà un sistema operativo che consente aggiornamenti wireless 'over the air'. Si prevede che la transazione si completi nel primo semestre del 2025, soggetta ad approvazioni normative. Entrambe le aziende rimarranno concorrenti in tutte le altre aree di business.
Volvo Group (VLVLY) y Daimler Truck han firmado un acuerdo vinculante para establecer una empresa conjunta 50/50 centrada en el desarrollo de una plataforma de vehículos definida por software para vehículos pesados. La nueva compañía, que estará ubicada en Gotemburgo, Suecia, desarrollará un sistema operativo para camiones y ofrecerá productos independientes de marca a otros fabricantes de vehículos comerciales. La empresa conjunta creará unidades de control centralizadas de alto rendimiento y desarrollará un sistema operativo que permita actualizaciones inalámbricas 'over the air'. Se espera que la transacción se complete en la primera mitad de 2025, sujeta a aprobaciones regulatorias. Ambas compañías seguirán siendo competidoras en todas las demás áreas de negocio.
볼보 그룹 (VLVLY)와 다임러 트럭이 중형차를 위한 소프트웨어 정의 차량 플랫폼 개발에 중점을 둔 50/50 합작 회사를 설립하기 위한 구속력 있는 계약을 체결했습니다. 스웨덴 예테보리에 본사를 두게 될 새로운 회사는 트럭 운영 체제를 개발하고 다른 상업용 차량 OEM에 브랜드에 구애받지 않는 제품을 제공할 것입니다. 합작 회사는 중앙 집중식 고성능 제어 장치를 생성하고 무선 '오버 더 에어' 업데이트를 가능하게 하는 운영 체제를 개발할 것입니다. 이 거래는 규제 승인에 따라 2025년 상반기에 완료될 것으로 예상됩니다. 두 회사는 다른 모든 사업 분야에서 여전히 경쟁자로 남을 것입니다.
Volvo Group (VLVLY) et Daimler Truck ont signé un accord contraignant pour établir une coentreprise à 50/50 axée sur le développement d'une plateforme de véhicule définie par logiciel pour les véhicules lourds. La nouvelle société, dont le siège sera à Göteborg, en Suède, développera un système d'exploitation pour camions et proposera des produits sans marque à d'autres fabricants de véhicules commerciaux. La coentreprise créera des unités de contrôle centralisées haute performance et développera un système d'exploitation permettant des mises à jour sans fil 'over the air'. La transaction devrait être finalisée au premier semestre de 2025, sous réserve des approbations réglementaires. Les deux entreprises resteront concurrentes dans tous les autres domaines d'activité.
Volvo Group (VLVLY) und Daimler Truck haben eine verbindliche Vereinbarung zur Gründung eines 50/50-Joint Ventures unterzeichnet, das sich auf die Entwicklung einer softwaredefinierten Fahrzeugplattform für Nutzfahrzeuge konzentriert. Das neue Unternehmen mit Sitz in Göteborg, Schweden, wird ein Betriebssystem für Lkw entwickeln und markenunabhängige Produkte für andere Hersteller von Nutzfahrzeugen anbieten. Das Joint Venture wird zentralisierte Hochleistungskontrolleinheiten erstellen und ein Betriebssystem entwickeln, das drahtlose 'Over-the-Air'-Updates ermöglicht. Der Abschluss der Transaktion wird im ersten Halbjahr 2025 erwartet, vorbehaltlich der Genehmigungen durch die Aufsichtsbehörden. Beide Unternehmen werden in allen anderen Geschäftsbereichen Wettbewerber bleiben.
- Strategic partnership with industry leader Daimler Truck
- Potential for additional revenue through licensing to other OEMs
- Development of new technology enabling over-the-air updates and enhanced connectivity
- Significant investment required for joint venture development
- Regulatory approval pending and could delay completion
- Competition in software platform space from other manufacturers
- Volvo Group and Daimler Truck have signed a binding agreement to establish a new 50/50 joint venture to develop a software-defined vehicle platform for heavy duty vehicles and drive the industry transformation.
- The new company aims to set an industry standard with headquarters in
Gothenburg, Sweden . - The common goal of the partners is to develop a truck operating system and to offer the joint venture's brand- and versatile application-agnostic products to other commercial vehicle OEMs.
- Volvo Group and Daimler Truck will remain competitors in all other business areas and will continue to focus on an independent product and service offering, including the respective differentiating digital customer offerings.
The software-defined vehicle platform will enable Volvo Group and Daimler Truck and potential other future customers of the joint venture to provide stand-alone digital vehicle functions for their products.
Leading the digital transformation
"The signing demonstrates our joint commitment to lead the digital transformation of our industry. The software and hardware from this joint venture will be crucial for achieving unprecedented levels of safety, comfort, and efficiency for our customers," says Karin Rådström, CEO of Daimler Truck.
Martin Lundstedt, President and CEO of the Volvo Group, adds: "We are joining forces to redefine software architecture and pioneer a new era of self-optimizing trucks. Together we are removing complexity to allow our customers to unlock higher levels of connectivity, safety and efficiency and continually push for a greater performance. It is a revolutionary response to the challenges of our modern world, and we are proud to be setting the industry standard."
The joint venture's activities will include the specification and procurement of centralized high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data. The new company will develop an operating system and tools which vehicle manufacturers can use as a basis to develop their own differentiating digital vehicle features. This will decouple software and hardware development cycles in the future and enable customers to purchase and update digital applications wirelessly 'over the air', ultimately enhancing customer efficiency and experience.
Volvo Group and Daimler Truck will remain competitors and continue to differentiate their complete product and services offerings, including their respective digital solutions.
The transaction for the joint venture is expected to be completed in the first half of 2025, subject to obtaining all required regulatory approvals.
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