Volvo, the Swedish carmaker owned by China’s Geely, has formed a partnership with Siemens, the German engineering group, to develop electric cars and the equipment needed to run them. Siemens’ industrial head told the Financial Times that the group was in talks with several other carmakers to provide them with hardware for electric cars, and that it saw this as a “significant” future business.
Siemens and Volvo said on Wednesday they would work together on joint development of electric motors, inverters, and charging elements for electric cars, as well as charging infrastructure and software to manage the cars’ motors.
The two companies plan to integrate the technology initially into an electric version of Volvo’s small C30 hatchback, which the Swedish carmaker will begin producing in small volumes this year. Volvo will deliver up to 200 vehicles to Siemens for internal testing by the end of 2012.