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Waymo to power Volvo's self-driving vehicles

2020-06-25 18:22 by
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Waymo, a unit of Silicon Valley's Alphabet Inc, will be the exclusive global partner for Volvo Cars for developing self-driving vehicles capable of operating safely without routine driver intervention.

"Fully autonomous vehicles have the potential to improve road safety to previously unseen levels and to revolutionize the way people live, work and travel," Volvo CTO Henrik Green said in a statement. "Our global partnership with Waymo opens up new and exciting business opportunities for Volvo Cars, Polestar, and Lynk & Co."

This is another coup for Waymo, which already has team-ups with Fiat Chrysler, Jaguar Land Rover and Renault Nissan Mitsubishi. It's also a significant step up for Volvo's autonomy plans. The company has been developing driverless tech for years and has been inching toward use in passenger cars with plans for built-in LiDAR, but this could accelerate matters by delivering an advanced and largely ready self-driving system.

Volvo, owned by China's Zhejiang Geely Holding Group Co, has a separate agreement to deliver vehicles to ride hailing company Uber Technologies Inc that Uber will equip to operate as self-driving vehicles. Volvo Cars is continuing to deliver vehicles to Uber.

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