By Dominic Chopping
STOCKHOLM – Volvo Car AB announced on Friday the opening of a new technology hub in Stockholm to build on the company’s skills in online sales and software product development.
The new hub will house 700 employees working in software engineering, data science and analytics, product management, e-business and user experience, supporting the automaker’s ambitions mid-decade to sell at least half of all its cars online and develop at least half of all software in-house, he says.
“Volvo Cars aims to attract hundreds of new team members from around the world to its technology center,” he said.
“As the headquarters and birthplace of several globally successful billion-dollar tech companies, Stockholm has international appeal on the global tech scene.”
The company said it is taking its software development in-house both to meet its online goals and because cars are increasingly defined by software rather than traditional automotive attributes.
It is also centralizing the computing inside its all-electric cars into a central system that will support the introduction of new software and features to customers’ cars via over-the-air updates, he added. .
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