Volvo Group and Daimler Truck have signed a binding agreement to establish a joint venture focused on developing a software-defined vehicle platform to enhance commercial vehicles.
The new joint venture aims to provide centralized, high-performance control units for commercial vehicles, allowing for greater data handling and enabling manufacturers to create unique digital vehicle features.
This initiative not only seeks to integrate software and hardware but also allows customers to independently purchase and upgrade features, thus streamlining updates and innovations.
Located in Gothenburg, Sweden, the joint venture is expected to be operational by the first half of 2025, and reflects a significant shift in the commercial vehicle industry toward software solutions.
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