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Truck makers Volvo Group, Daimler Truck and Traton Group announced their joint venture, launched in December 2021 to develop charging infrastructure in Europe, gained the final necessary regulatory approvals.

Volvo Group is looking to expand its autonomous and electric truck programs to build market share in its key U.S. market and drive revenue and profits higher, top executives said recently.

NASHVILLE, Tenn. — Volvo Trucks North America CEO Peter Voorhoeve sees expanding opportunities for electric-powered trucks and further growth for driver-assistance technologies in this time of transformation for the commercial vehicle market.

Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.

Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year.

Volvo Group has signed a collaboration agreement with steel company SSAB to cover research and development of what Volvo called the world’s first vehicles to be made of fossil-free steel.

Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.

Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.