What’s Happening: Volvo has announced plans to open a new Tech Hub in Krakow, Poland, which will be responsible for developing complete and key features on the company’s new fully electric cars. The site will be operational by the end of 2023 and is expected to employ between 500 and 600 people by mid-decade.
Why It Matters: The move is part of Volvo’s strategic ambitions to be a fully electric brand by 2030 and a leader in new technology. The Tech Hub will be a key software development center, playing a crucial role in Volvo’s plans to be a leader in software development, especially for autonomous driving, connected features, and data analytics.
Key Points:
- The new Tech Hub will be responsible for developing complete and key features on Volvo’s new fully electric cars.
- Engineers in Krakow will join Volvo’s global pool of talent to boost the innovation speed by developing software for key areas for Volvo Cars.
- The Volvo car of the future will be fully electric, increasingly sold online, powered by cutting-edge core computers running in-house developed software.
- The Krakow Tech Hub will employ between 500 and 600 people by mid-decade, complementing Volvo’s other engineering centers in China and Sweden, as well as its other tech hubs around the world.
- The move is part of Volvo’s strategic ambitions to be a fully electric brand by 2030 and a leader in new technology, and to recruit thousands of engineering talents around the globe.
Bottom Line: Volvo’s new Tech Hub in Krakow, Poland, is a key step in the company’s strategic ambitions to be a fully electric brand by 2030 and a leader in new technology. With a focus on software development for autonomous driving, connected features, and data analytics, the new Tech Hub will play a crucial role in the development of Volvo’s fully electric cars. The move is part of the company’s larger strategy to recruit thousands of engineering talents around the globe and accelerate its transformation into a pure electric car brand.
