Volvo, the world`s second-biggest truck maker, plans to begin selling electric trucks in North America by 2020, it said on Thursday, as it signed a partnership with California that will allow it to show-off the vehicles.
Under the deal, Sweden`s Volvo will deploy eight multi-configuration battery Class 8 electric demonstration units and 15 pre-commercial and commercial units throughout California`s South Coast Air Basin next year, it said.
Truckmakers are driving full speed to secure a corner of the electric and autonomous drive markets, with other contenders in North America including Tesla`s electric semi truck, Ford and Daimler.
TRENDING NOW

Coca Cola India forays into Alcohol segment alcoholic beverage stocks Radico Khaitan, UBL, Sula Vineyards, Som Distilleries shares rise Tilaknagar Industries stock declines

Radico Khaitan, UBL, Som Distilleries rise, Tilaknagar Industries drops after Coca-Cola India reportedly forays into alcohol segment

Dividend, bonus, stock split stocks: BPCL, HZL, Sonata Software, 6 other scrips to trade ex-date this week
This year, Volvo began producing its first fully-electric truck for commercial use - the Volvo FL Electric - which is expected to be sold next year for urban distribution operations in Europe.
The company said on Thursday the North American truck would be based on the same drivetrain technology, but a spokesman said it was too early to say how similar the two trucks would be in the end.
The Volvo LIGHTS project, anchored by Volvo and California`s South Coast Air Quality Management District, will involve 16 partners and electrify freight operations at the facilities of U.S. trucking fleets DHE and NFI.
The project has been awarded $44.8 million by the California Air Resources Board. A Volvo spokesman said the company planned to separately invest $36.7 million over the next couple of years.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
11:30 pm