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Munich-based Siemens AG is Europe's largest engineering company, and currently Chinese-owned Swedish Volvo has always been at the forefront of automobile safety technology. They have now tied up to develop electric cars together, not unlike GM and LG, who announced their collaboration just a few days ago. Also Read - LG G8 ThinQ Android 10 stable update starts rolling out
The focus of the collaboration will be on the development of electric-drive tech, power electronics and charging technology. These systems will have to be integrated into C30 hatchbacks, the first electric cars to result from the venture. Also Read - Disney+ streaming app now available on LG webOS smart TV models: Here are details
The first vehicles from the JV will begin testing by the end of the year and deliveries will begin by the end of next year. Volvo will deliver upto 200 test vehicles to Siemens, for beta testing as an internal Siemens fleet.
It is highly unlikely that India will see any of the electric cars in the near future, but as and when Volvo's Indian product range expands (along with the electric vehicle charging infrastructure) the possibility will increase.
Interestingly, Siemens had developed electric trams at the end of the 19th century, so Volvo has certainly found itself a partner with more than a little experience in the field of electric automotives.