Volvo’s New Mobility Innovation Hub

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Volvo Cars, in a significant collaboration, is set to establish a Mobility Innovation Center in Torslanda, near Gothenburg, Sweden. This initiative, marking the company’s continued journey towards electrification, aims to push the development of its next-generation premium electric vehicles and reiterate its commitment to its nearly century-old base.

The center will serve as a practical testing ground for emerging technologies such as wireless car charging, vehicle-to-grid bi-directional charging, and autonomous driving capabilities. Unlike traditional development approaches confined to labs, this environment will mimic future societal settings, enabling real-world testing and deployment of innovations.

In addition to constructing new buildings for testing and engineering, Volvo plans to expand its Torslanda campus to accommodate startups and business partners. Jim Rowan, Volvo Cars’ CEO, highlighted the objective to “create an ecosystem” for developing mobility’s future, focusing on vehicles, technology, and surrounding infrastructure, aiming to attract global talent and foster connections with leading businesses.

This expansion is pivotal for Volvo’s strategic goal of transitioning to a fully electric fleet by 2030 and becoming a leader in sustainable mobility and technological innovation. The project’s sustainability ambitions include the construction of a 25,000 square meter wood hybrid building, reducing carbon footprint by 15% compared to traditional materials, with construction starting in Q2 2024 and completion expected by 2026.

The initiative also ties into the Gothenburg Green City Zone project, aimed at achieving emission-free transport by 2030, enhancing Volvo’s engineering capabilities and integration into the city’s mobility innovation network. The addition of a software testing center and other facilities, including a battery lab and safety center, strengthens the campus’s engineering presence.

Mobility Innovation Destination Torslanda will join Volvo’s global network of innovation centers, including software testing centers and Tech Hubs across Sweden, Poland, India, and Singapore. These hubs form a strategic innovation network, contributing to Volvo’s record-breaking operating profit of SEK 25.6 billion in 2023, with revenues reaching SEK 399.3 billion and global sales of 708,716 cars.

About Volvo Car Group: Founded in 1927, Volvo Cars is a globally respected brand, committed to becoming fully electric by 2030 and achieving climate neutrality by 2040. With a workforce of approximately 43,400, Volvo Cars operates in over 100 countries, maintaining its headquarters and main functions in Gothenburg, Sweden, alongside production plants and R&D centers globally.

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