Volvo teams up with Baidu to develop autonomous cars for mass production in China

In a press statement on 1 November, Swedish automotive manufacturer Volvo announced that it has partnered with Chinese tech giant Baidu to develop and mass produce autonomous cars for the Chinese market
Volvo said that, together with Baidu, it will begin manufacturing customized, fully electric autonomous cars to capitalise on the forecast autonomous vehicle market boom.
It added that market research firm IHS Markit has predicted, by 2040, 14.5mn self-driving cars will be sold in China, with total global sales of 33mn.
Baidu, with its autonomous driving platform Apollo, selected Volvo as its automotive partner for this initiative as a result of the Swedish firm’s “long-standing safety credentials.”
“With Baidu we take a big step forward in commercialising our autonomous compatible cars, built on Volvo’s industry-leading safety technology,” said Håkan Samuelsson, president and chief executive of Volvo Cars, in the firm’s press release.
See more:
Baidu president, Dr Ya-Qin Zhang, said:
“We are very glad that Volvo Cars has established a strategic partnership with Baidu in the development of a fully autonomous car compatible with our autonomous driving platform Apollo.
“We look forward to working closely with Volvo to provide the world with the safest auto products for the benefit of humankind.”
On 30 October, US firm Ford announced that it has launched a joint project with Baidu focused on testing autonomous vehicles on the road.
The on-road tests for the Baidu-Ford L4 Autonomous Vehicle Project are set to begin by the end of 2018.

Featured Articles

How India is bucking the global dealmaking downturn

M&A deal volume and value reach record highs in India in 2022, despite slower dealmaking globally – as scope activity and acquisitions in renewables surge

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

Leadership & Strategy

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress