Volvo Car Corp. and Siemens AG will be working together in the development of electric vehicles. They plan to conduct testing by the end of 2011. Siemens, which is the largest engineering company in Europe, will develop electric motors and charging systems with Volvo, which is based in Gothenburg, Sweden.
After test-track studies are accomplished in the coming months, Siemens will try out up to 200 Volvo electric cars under real-life conditions by late 2012.
In a company statement, Volvo CEO Stefan Jacoby said that the automaker is “moving ahead quickly in this area.” He said that Volvo aims to be first with the latest technology within electrification.
He added that this partnership strengthens its goal to “pursue the fast-growing market for electric cars.'' Volvo sold 373,525 units last year. Now owned by China's Zhejiang Geely Holding Group Co., Volvo aims to achieve sales of over 800,000 vehicles by 2020.
Last January, Doug Speck, who serves as the head of Volvo’s U.S. operations, said that the entry of hybrid-powered and fully electric models in that market is prioritized over the introduction of diesel vehicles.
Siegfried Russwurm, head of Siemens Industry Sector, said that this alliance with Volvo is an “important milestone” in the goal to develop high-quality components and systems for electric cars that are later meant for series production.
He added that Siemens’ long-term goal is to be known as a global system provider whether in the field of electric vehicles or outside it. Volvo said that small- scale production of the C30, an electric version of its smallest car, will start this year.