Under this agreement, common software will be developed which defines a vehicle platform and dedicated truck operating system.

According to the sources two leading and famous companies especially in the commercial vehicle industry have reached a preliminary agreement. Volvo Group and Daimler Truck are about to establish a joint venture to create & develop a common software-defined vehicle platform and devoted truck operating system. It is for providing the basis and base platform for futuristic software-defined commercial vehicles.

The main aim of developing this software under this joint venture is to design standardized software and hardware. After its development, it will enable vehicles of these two companies and also of other partners and help in differentiating digital vehicle features. It will help in getting products features and enhancing customer’s experience and efficiency.

Although the agreement is not at the final stage the final agreement is expected to be signed within this year, also expecting the transaction in Q1 2025. It also required all necessary examinations and approvals from respective authorities.

According to the source, both the companies, Volvo Group and Daimler Truck will be of 50-50 partners in this joint venture. Including all such innovations, and technology advancements like transformation towards CO2-neutral drive technologies, the development of such platforms has been expected by the customers in this era.

The joint venture between Volvo Group and Daimler Truck is all set to be headquartered in Gothenburg, Sweden. Martin Daum, the CEO of Daimler Truck said, “Just as important as the transformation towards CO2-neutral drive technologies is the digitalization in the vehicle. Developing a common software-defined vehicle platform with VOLVO Group will enable us to turn our vehicles into a programmable device. It will allow us to build differentiating digital vehicle features with significantly greater speed and efficiency for our truck and bus customers around the globe. Together with the Volvo Group we can develop a benchmark truck operating system and set an industry standard”.