Volvo and Baidu work together
Volvo Cars has reached an agreement with Baidu, Chinese internet search provider, to jointly develop electric and fully autonomous drive-compatible cars with the aim of mass producing them for China.
The partnership will allow both companies to develop and sell these vehicles to potential Chinese customers. Volvo Cars and Baidu will pool resources to take the next step and prepare for mass manufacturing of fully electric and autonomous cars, according to the agreement.
Based on the collaboration agreement, Baidu will contribute with its Apollo autonomous driving platform. Volvo will provide access to its expertise and advanced technologies of the car industry.
Industry forecasts show that China is likely to become the single largest market for autonomous cars in the world in the coming decades. Market research firm IHS Markit predicted earlier this year that around 14.5 million autonomous cars will be sold in China by 2040, on a total global volume of around 33 million.
‘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. ‘There is a strong development in autonomous drive in China, where Baidu is a leading player, and the market there offers huge opportunities for us as the supplier of choice for autonomous fleets.’
‘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,’ said Ya-Qin Zhang, president of Baidu.