Volvo Trucks signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, a provider of building solutions headquartered in Switzerland. The first 130 heavy-duty electric Volvo FH and Volvo FM trucks will be delivered to markets including France, Germany, Switzerland and the UK during Q4/23 and throughout 2024.

The deal is the largest commercial order to date for Volvo electric trucks and the agreement is a result of a wider partnership between Holcim and Volvo Group.

“Long-term collaboration and a strong commitment to really make a difference are essential for making big CO2 reductions a reality. I’m very proud of the partnership we have developed with Holcim and the results we are achieving together,” Martin Lundstedt, president and CEO of Volvo Group, said.

“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% of zero-emission heavy-duty trucks by 2030,” Jan Jenisch, chairman and CEO of Holcim, said.