<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3bm1r5_0wPz0wD600" alt="https://img.particlenews.com/image.php?url=3bm1r5_0wPz0wD600" width="1400" height="700" ></figure>Volvo Group and Daimler Truck have now signed a binding agreement to establish a joint venture that was initially announced in May of this year. In a press release, the companies said they intend to “develop a common software-defined vehicle platform and dedicated truck operating system, to provide the basis for future software-defined commercial vehicles.” The duo are working towards setting up the company that will be headquartered in Gothenburg, Sweden. According to the press release, 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. The companies tell us that 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, according to the partners, will decouple software and hardware development cycles in the future and enable customers to purchase and update digital applications wirelessly over the air.“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, chief executive officer of Daimler Truck.“We are joining forces to redefine software architecture and pioneer a new era of self-optimizing trucks,” added Martin Lundstedt, president and chief executive officer of Volvo Group. “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.”Volvo Group and Daimler Truck explained that the two 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.</div></body>

Mountain View, CA

NewsBreak

Volvo Group, Daimler Truck to partner on software-defined vehicle platform

Volvo Group and Daimler Truck have now signed a binding agreement to establish a joint venture that was initially announced in May of this year. In a press release, the companies said they intend to “develop a common software-defined vehicle platform and dedicated truck operating system, to provide the basis for future software-defined commercial vehicles.” The duo are working towards setting up the company that will be headquartered in Gothenburg, Sweden.