August 16, 2023 -- Volvo Trucks is continuing its entry into new markets with its battery electric truck offering. Malaysia is the latest example, where the logistics company Swift Haulage Berhad has purchased two Volvo FM Electric trucks. Malaysia has a national plan to reach net zero greenhouse gas emissions by 2050, and electrifying road transports is one important measure to reach this target.
“I’m happy to announce that we are now selling heavy electric trucks in Malaysia,” says Anthony O’Connell, Managing Director for Volvo Trucks in Malaysia. “With our 21% share of the heavy truck market, we have an important role to play in lowering the transport sector’s CO2 emissions. Our trucks will help reduce climate impact, while also enhancing safety for road users and creating a better working environment for drivers. We are proud to be working with Swift Haulage Berhad, who are pioneer adopters of electric trucks in Malaysia.”
At a glance
- Company
- Volvo Trucks
- Announcement
- Expansion
- Location
- Malaysia
Key figures
- Trucks purchased by Swift Haulage Berhad
- two
- Volvo Trucks' stated share of the heavy truck market
- 21%
- Malaysia's net-zero greenhouse gas emissions target
- 2050
- Electric models initially offered in Malaysia
- three
- Target share of Volvo's global new-truck sales to be electric
- 50% ... in 2030
- Electric trucks sold worldwide
- around 5,000
People
- Anthony O’ConnellManaging Director for Volvo Trucks in Malaysia
- Loo Yong HuiChief Executive Officer at Swift Haulage Berhad Group
Products and programs
Loo Yong Hui, Chief Executive Officer at Swift Haulage Berhad Group, agrees. “Sustainability is and has always been a top priority for Swift. I am proud to announce that Swift will be the first haulage company in Malaysia to acquire and incorporate electric trucks into our fleet. We believe this technology will revolutionize the industry, and we are excited to leading the way towards a brighter, more efficient, and greener future. Looking forward, we are committed to converting the majority of our fleet to EVs by 2030.”
Volvo Trucks was the first global manufacturer to start serial production of heavy-duty electric trucks in 2019, and has a broad electric line-up with a total of six electric heavy trucks. Initially, three of these models will be sold in Malaysia.
Volvo Trucks is aiming for 50% of global sales of new Volvo trucks to be electric in 2030. The company has so far sold around 5,000 electric trucks in about 40 countries around the world. Volvo’s electric truck range is now available in Europe, North America, Asia, Latin America and Africa.
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In brief
Volvo Trucks says it has begun selling heavy electric trucks in Malaysia, where Swift Haulage Berhad has purchased two Volvo FM Electric vehicles. The company describes the sale as part of its entry into additional markets and says three of its six electric heavy-truck models will initially be offered in Malaysia. Volvo Trucks Malaysia Managing Director Anthony O’Connell cited the company’s stated 21% share of the heavy-truck market and said electric vehicles could help lower transport emissions. Swift Chief Executive Officer Loo Yong Hui said the company intends to convert most of its fleet to electric vehicles by 2030. Volvo Trucks also states that it is targeting electric vehicles to make up 50% of its global new-truck sales in 2030, and that it has sold around 5,000 electric trucks across about 40 countries.
Key takeaways
- Swift Haulage Berhad purchased two Volvo FM Electric trucks.
- Volvo Trucks says three of its six electric heavy-truck models will initially be sold in Malaysia.
- Swift says it is committed to converting most of its fleet to electric vehicles by 2030.
- Volvo Trucks says it is targeting electric vehicles to account for 50% of global new-truck sales in 2030.
