Volvo Siemens.automotiveIT

From year-end, Volvo’s C30 Electric will have Siemens electric-power technology inside (Photo: Siemens)

Volvo Car Corporation and Siemens announced plans for an extensive strategic cooperation in the area of electric vehicles.

The two companies said they will focus on the joint development of electrical drive technology, power electronics and charging technology and will aim to integrate new systems in the Swedish carmaker's C30 electric model.

The first electric cars of this model fitted with Siemens electric motors will be on the test tracks by year end, Volvo said. From late 2012, Volvo will deliver a test series of up to 200 vehicles to Siemens. The German power technology gruop will then test the cars as part of its internal test fleet.

Volvo said it hopes to benefit from Siemens' expertise in power technology. "Their world-leading knowledge and experience will bring the technology in our electric cars up to an entirely new level," said Volvo CEO Stefan Jacoby.

At the same time, the partnership gives Siemens a chance to strengthen its position as a provider of electric drive technology to the global auto industry.

"It is our long-term goal to establish Siemens as a global system provider both inside and outside of electric vehicles," said Siemens Industry Sector CEO Siegfried Russwurm.

Volvo is late with its introduction of a full electric vehicle. It starts production of the C30 Electric this year and will start selling a plug-in hybrid version of its popular V60 next year.

Jacoby said in a press release that he wants to take part in the expected strong growth of the electric-vehicle market and wants to do so with the latest technology.

"We are moving ahead quickly in this area," Jacoby said, adding that the group's new scalable platform architecture "paves the way for electrification throughout our model range."