Volvo, Siemens accede cardinal cooperation on electric cars
Focus will be development of electrical drive technology, ability electronics and charging technology
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By Philipp Grontzki
Of DOW JONES NEWSWIRES
MUNICH (Dow Jones)–Sweden’s Volvo Car Corp. and German automated amassed Siemens AG (SIE.XE) Wednesday said they had agreed an all-encompassing cardinal cooperation on electric cars.
The focus will be on the collective development of electrical drive technology, ability electronics and charging technology as able-bodied as the affiliation of those systems into Volvo C 30 Electric cars, the companies said in a statement, abacus that the aboriginal cartage will be on the analysis advance at the end of this year.
Beginning in backward 2012, Volvo will be carrying a analysis alternation of up to 200 cartage to Siemens, to be accurate beneath real-life altitude as allotment of an centralized Siemens analysis fleet, the German aggregation said.
Volvo Car Corp. was aftermost year acquired by China’s Zhejiang Geely Holding Group Co. from Ford Motor Co. (F).
For Siemens, the affiliation is addition footfall against a greener image. Siemens touts itself as a avant-garde in electric vehicles, and developed electric trams as aboriginal as the end of the 19th century.
Cooperations amid companies are more accepted in the acreage of environment-friendly drive systems to allotment the aerial access costs and risks. General Motors Co. (GM)and LG Electronics Inc. (066570.SE) additionally afresh appear their affiliation in the development of electric vehicles.