Volvo Group and Daimler Trucks to form a JV for development of SDV platform
On May 17, Volvo Group signed a preliminary agreement with Daimler Trucks to form a joint venture (JV), to develop a common software-defined vehicle (SDV) platform and dedicated truck operating system, for future commercial SDVs.
The new company will be a 50/50 joint venture and will operate as an independent entity