Hyperdrive

Biggest Cement Maker Eyes Buying 1,000 Volvo Electric Trucks

  • Holcim will start taking deliveries of battery rigs this year
  • Industrial companies are under pressure to cut emissions
A Volvo AB FM electric truckPhotographer: Krisztian Bocsi/Bloomberg
Lock
This article is for subscribers only.

Holcim Ltd. plans to buy as many as 1,000 electric trucks from Volvo AB in what would be the Swedish manufacturer’s largest-ever order for battery-powered rigs.

Both companies signed a letter of intent for delivery of the vehicles between now and 2030, according to a statementBloomberg Terminal Monday. The first 130 heavy-duty FH and FM electric trucks will be handed over this and next year.