Wednesday, August 31, 2011
Siemens and Volvo Form Electric-Car Venture
German industrial conglomerate Siemens AG said Wednesday it has agreed with Sweden's Volvo Vehicle Corp. on a strategic cooperation agreement on electric cars.The focus will be on the joint development of electrical-drive technologies, power electronics and charging technologies as well as the integration of those systems into Volvo C 30 Electric cars, Munich-based Siemens stated in a statement.It added that the 1st vehicles will be on the test tracks at the end of this year.Beginning in late
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