As part of the Volvo Group family, we’re inspired by the strides made in advancing sustainability and innovation. From pioneering low-CO2-emission steel to expanding renewable fuel solutions, Volvo Group is proving what’s possible when collaboration drives bold action. Together, we’re shaping a more sustainable future for heavy transport. #Cespira #Sustainability #Innovation #VolvoGroup
2024 was transformative for Volvo Group. From material development to partnerships, our journey toward a more sustainable future took huge strides. We were the first to introduce and expand our use of low-CO2-emission steel in our trucks. This has a direct impact in decarbonizing heavy transport – even before the truck hits the road. We have signed a partnership agreement with BASF that will enable even more innovations in low-carbon materials, such as recycled plastics. The launch of Cespira, our joint venture for HPDI fuel system technology, underscores the potential of renewable fuels and hydrogen to transform commercial transportation. Sustainability is also about extending the life of what we already have. In 2024, we celebrated the first refurbished battery from our Skövde plant, providing customers with cost-effective, lower-emission alternatives and reaffirming our commitment to resource efficiency. We have also created a 50/50 joint venture with Daimler to develop a software-defined vehicle platform that will amplify digital transformation. Milence, our joint venture with Daimler and Traton Group, is building Europe’s largest public charging network for heavy-duty trucks. With charging hubs in 10 key markets long-distance electric transport is becoming faster and more efficient. The road to net-zero emissions by 2040 remains ambitious, but this year proved that collaboration, innovation, and bold action are the keys to moving forward. Together, we are creating solutions that benefit not only our customers but also the planet.
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