Volvo has partnered up with Uber to bring autonomous cars to market.
The two companies will spend $300 million to collaboratively design a new vehicle based on Volvo’s modular Scalable Product Architecture (SPA) platform, which currently underpins the XC90 SUV, S90 sedan and V90 wagon.
The vehicle will be designed and manufactured by Volvo and purchased by Uber, who may then make additional refits for self-developed autonomous driving systems that meet its needs. We imagine the Swedish automaker will offer a version for traditional car owners.
A joint press statement stated:
“The Volvo-Uber project marks a significant step in the automotive business with a car manufacturer joining forces with a new Silicon Valley-based entrant to the car industry, underlining the way in which the global automotive industry is evolving in response to the advent of new technologies. The alliance marks the beginning of what both companies view as a longer term industrial partnership.”
Like Volvo and Uber, General Motors and Lyft have entered into a partnership for autonomous vehicles, while Google and Fiat Chrysler Automobiles are collaborating on self-driving prototypes based on the Chrysler Pacifica minivan.
The move by Volvo is part of the company’s Vision 2020 campaign, which aims to have nobody killed or injured in a new Volvo vehicle by 2020.