UK markets open in 6 hours 16 minutes
  • NIKKEI 225

    27,827.23
    -200.61 (-0.72%)
     
  • HANG SENG

    18,141.56
    -63.12 (-0.35%)
     
  • CRUDE OIL

    78.85
    +0.65 (+0.83%)
     
  • GOLD FUTURES

    1,749.50
    +1.10 (+0.06%)
     
  • DOW

    33,852.53
    +3.07 (+0.01%)
     
  • BTC-GBP

    14,059.84
    +466.27 (+3.43%)
     
  • CMC Crypto 200

    400.63
    +11.90 (+3.06%)
     
  • ^IXIC

    10,983.78
    -65.72 (-0.59%)
     
  • ^FTAS

    4,112.30
    +13.81 (+0.34%)
     

Sweden's AB Volvo starts series production of heavy electric trucks

The Volvo logo is seen in truck for sale in Linden, New Jersey

STOCKHOLM (Reuters) -Swedish truck maker AB Volvo said on Wednesday it was starting series production of heavy electric trucks, catering to a growing demand for zero-emission transport.

It said in a statement it was beginning series production of the electric versions of models Volvo FH, Volvo FM and Volvo FMX, which represent around two thirds of group sales.

It added that in total, Volvo now has six electric truck models in series production globally.

Volvo, whose largest owners are Sweden's Industrivarden and China's Geely Holding, said that so far it had sold over 2,600 electric trucks in total, whereas around 1,000 of those were heavy electric.

Volvo AB has set a target that half of its global truck deliveries should be electric by 2030.

(Reporting by Anna Ringstrom and Marie Mannes, editing by Terje Solsvik)