Daily Management Review

Daimler and Volvo create JV to develop digital manufacturing platform


According to Daimler, the Swedish company Volvo Group and the German company Daimler Truck will form an equal-share joint venture (JV) to create a software-based platform for the manufacturing of digital heavy-duty vehicles.

The agreement is not legally binding, and is anticipated to close in the first quarter of 2025.

The JV will function as a separate business with its headquarters located in Gothenburg. With software taking the lead, both companies will use the new platform to manufacture their own trucks and buses.

Volvo and Daimler will continue to be rivals and provide unique end-user applications, while their offerings will differ.

The platform will also be available for usage by other manufacturers.

"It will enable us to develop unique elements for 'digital' trucks and buses more quickly and efficiently, which will be available to our customers worldwide," Martin Daum, CEO of Daimler, stated.

source: marketwatch.com