Volvo Cars reported a new record in global annual sales as 2018 volumes rose by 13.5 per cent to 582,096 cars for the January to November period, compared with 513,055 cars in the same period last year.
Volvo Cars and Luminar, a leading start-up in the development of core sensing technology for autonomous vehicles, are demonstrating the most advanced LiDAR sensor and perception capabilities to date at this year’s Automobility LA trade show in Los Angeles.
Volvo Cars is headed for its fifth consecutive year of record retail sales after posting a double digit 11.8 per cent sales growth in October, compared with the same month last year. The strong performance was led by growth in all key regions of the US, China and Europe. The company sold 53,509 cars during the month.
Volvo Cars has reached an agreement with Baidu, the leading Chinese internet search provider, to jointly develop electric and fully autonomous drive-compatible cars with the aim of mass producing them for China, the largest car market in the world.
Volvo Cars, the premium car maker, and NVIDIA, the leading artificial intelligence (AI) computing firm, are joining forces for the development of a highly advanced, AI-capable core computer for the next generation of Volvo cars.
Volvo Cars has for the first time introduced solar energy into its global manufacturing operations. The installation of 15,000 solar panels at its car factory in Ghent, Belgium marks another step towards the company’s vision of having climate-neutral global manufacturing operations by 2025.
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