The Volvo Group creates business area dedicated to accelerating electrification News provided by Share this article GOTHENBURG, Sweden, Jan. 28, 2021 /PRNewswire/ -- The new business area Volvo Energy will strengthen the Volvo Group's business flow of batteries over the life cycle as well as the customer offer for charging infrastructure. At the same time, the environmental impact from electric and hybrid electric commercial vehicles and machines will be reduced by giving used batteries a second life in different applications. "There is a great and growing interest for electric vehicles and machines among our customers. This is of course very positive as it accelerates the transition towards more sustainable transport solutions. Our ambition is to offer our customers the most competitive solutions when it comes to electrification, including batteries and charging infrastructure. With Volvo Energy, we are taking a holistic view of the entire life cycle, which benefits both our customers' business and society as a whole", says Martin Lundstedt, President and CEO.