Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, a Swiss building solution provider.

The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024.

“The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonize our European operations’ logistics with electric fleets, advancing our goal to reach 30 per cent of zero-emission heavy-duty trucks by 2030,” said Jan Jenisch, chairman and CEO of Holcim.

Both companies are committed to the Science-based targets initiative, which drives ambitious climate action in the private sector, and both are also founding members of First Movers Coalition (FMC).

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