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Benzinga
Benzinga
Business
Akanksha Bakshi

DFDS Orders Additional 25 Electric Trucks From Volvo

  • Volvo AB's (OTC:VLVLY) Volvo Trucks has received an additional order for 25 heavy electric trucks from DFDS, a shipping and logistics company in Northern Europe. Financial terms not disclosed.
  • The new pact adds to the order of 100 Volvo FM electric trucks made in October, adding up to a total of 125 electric trucks for DFDS.
  • The new trucks will be used for transports in the DFDS logistics system in Europe.
  • Volvo expects to begin the delivery in 4Q22.
  • Price Action: VLVLY shares closed higher by 2.52% at $22.03 on Tuesday.
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