Volvo Cars, the premium car maker, and leading truck maker Volvo Trucks will share real-time data to expand coverage of the companies’ connected safety technology, a cloud-based system that allows vehicles to communicate with each other and alert drivers of nearby hazards.
This is the first instance of Volvo Cars sharing safety-related data with another company. The collaboration with Volvo Trucks represents the first step towards achieving a critical mass of connected vehicles that could have a significant impact on overall traffic safety.
From 2018, live and anonymised data will be shared between selected Volvo trucks sold in Sweden and Norway with the company’s own hazard-alert systems, and Volvo cars equipped with Volvo Cars’ Hazard Light Alert system.
Volvo Cars has a strong history of sharing safety knowledge with others in the interest of saving as many lives as possible. In 1959, Volvo opened the patent for the three-point seatbelt to all other car makers, saving an estimated one million lives to date.
“Sharing real-time safety data based on our connected safety technology can help avoid accidents,” said Malin Ekholm, Vice President of the Volvo Cars Safety Centre. “The more vehicles we have sharing safety data in real time, the safer our roads become. We look forward to establishing further collaborations with other partners who share our commitment to traffic safety.”
Volvo Cars’ Hazard Light Alert technology is the first of its kind in the automotive industry. As soon as any equipped Volvo switches on its hazard lights, an alert is sent to all nearby Volvo cars connected to the cloud service, warning drivers to help avoid potential accidents. This is particularly useful on blind corners and over the crest of hills in the road.
Hazard Light Alert has been available in Sweden and Norway since 2016, where it is standard on all 90 and 60 series cars, as well as the XC40. Adding selected models of Volvo Trucks’ fleet to the cloud will cover more area, identify more potential hazards and boost overall traffic safety. Both Volvo brands represent a considerable portion of new vehicle registrations in the region.
“Connected safety allows Volvo drivers to virtually ‘see around the corner’ and avoid a critical situation or accident before it happens,” said Malin Ekholm. “The ability to see farther ahead and avoid hazards is something we want to share with as many drivers as possible.”
By anonymising, validating and aggregating the data that is collected and shared, the initiative will comply with the General Data Protection Regulation (GDPR) that is rolled out across the EU this year.
Volvo Car Group in 2017
For the 2017 financial year, Volvo Car Group recorded an operating profit of 14,061 MSEK (11,014 MSEK in 2016). Revenue over the period amounted to 210,912 MSEK (180,902 MSEK). For the full year 2017, global sales reached a record 571,577 cars, an increase of 7.0 per cent versus 2016. The results underline the comprehensive transformation of Volvo Cars’ finances and operations in recent years, positioning the company for its next growth phase.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world, with sales of 571,577 cars in 2017 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
In 2017, Volvo Cars employed on average approximately 38,000 (30,400) full-time employees. Volvo Cars’ head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars’ head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China), and body components in Olofström (Sweden).