Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology for use in autonomous vehicles.
Volvo Cars, the premium car maker, Autoliv, the world leading automotive safety company, and NVIDIA, the AI and visual computing company, are teaming up to develop advanced systems and software for self-driving cars.
Sweden’s famed Nordic Model, which brings together the public sector, private sector and academia, provides a template for the rapid introduction of autonomous driving technologies worldwide, Håkan Samuelsson, president and chief executive of Volvo Cars, will say at a seminar on autonomous driving in Sweden this week.
Volvo Car Group’s groundbreaking technology for putting self-driving cars in the hands of real customers by 2017 was demonstrated to media and important decision makers in the Chinese capital Beijing today – with the Swedish Prime Minister Stefan Löfven joining the event.
Two of Volvo Cars’ top safety experts, Dr Trent Victor, Senior Technical Leader Crash Avoidance and Adjunct Professor at the University of Iowa, US and Jonas Ekmark, Manager Innovation for Active Safety and Chassis, were singled out for appreciation for their contributions in the field of car safety.