Volvo Scales Up Electric Heavy Trucks As Profits Fund Zero-Emission Shift - CleanTechnica

Volvo Group is leveraging its strong profitability and leading 19% share of the European heavy-truck market to accelerate the expansion of its zero-emission heavy truck portfolio, focusing on battery-electric and hydrogen fuel-cell technologies. The company’s robust financial position, including a net cash balance of SEK 63 billion and a 25.5% return on capital employed, enables significant investment in electrification under a multi-pathway strategy. Central to this shift is the FH Aero Electric truck, designed for regional and intercity logistics, featuring a new e-axle that increases battery capacity to 780 kWh and offers up to 600 km range with fast megawatt charging compatible with driver rest periods. Volvo’s extensive installed base of over 5,700 battery-electric trucks across 50 countries provides valuable real-world data to optimize vehicle design, charging infrastructure, and digital fleet services, supporting a growing service business with recurring revenue streams. Beyond highway transport, Volvo is deploying electric trucks in mining and