76853
The purchase from Volvo demonstrates the company’s  intent to monetize its self-driving technology.
The purchase from Volvo demonstrates the company’s  intent to monetize its self-driving technology.

Uber to Buy 24,000 Autonomous Volvos

Uber to Buy 24,000 Autonomous Volvos

Uber has inked a deal with Volvo that will see the automaker manufacture up to 24,000 XC90 sport utility vehicles that will be equipped with Uber’s self-driving sensor and software package.

Uber will purchase the vehicles from Volvo, which will begin delivering them in 2019. The new agreement builds on the two companies’ prior partnership, signed last year, to jointly invest $300 million in developing and testing self-driving cars, Business Insider reported.

The vehicles from Volvo will form the start of Uber’s driverless taxi fleet, and the purchase marks an important step in its self-driving ambitions.

The ride-hailing company has invested heavily in developing its own self-driving technology.

However, Uber’s self-driving project has been plagued by the notorious lawsuit leveled against it by Waymo, which claims a former employee who joined Uber stole documents related to its self-driving technology.

The purchase from Volvo demonstrates the company’s intent to monetize its self-driving technology regardless of the lawsuit, which is set to go to court later this year.

For context, Daimler also signed an agreement with Uber last year to eventually connect its self-driving cars to Uber’s ride-hailing network, although it’s not clear how many vehicles Daimler will provide or when.

Short URL : https://goo.gl/CBzJR8
  1. https://goo.gl/TPhMA8
  • https://goo.gl/3XHSs5
  • https://goo.gl/8Jkxwg
  • https://goo.gl/6QFZuN
  • https://goo.gl/g7uYtu

You can also read ...

Central Bank of Iran Governor Expects Additional Forex Allocation for Imports
The central bank governor said volume of foreign currency...
Iran's Private Sector Prepares to Secure Syrian Market Entry - Report
Scores of Iranian executives running private businesses...
Iran's Payam International Airport Ready for Exports
Payam International Airport, located in the city of Karaj 40...
India Working on Rupee-Rial Mechanism for Chabahar Port Project
India is weighing a rupee-rial payment mechanism for the...
Global Export Credit Agencies Support Iran Trade Coverage - Interview
Global Export Credit Unions participating in a meeting of the...
The number of trips made by Azerbaijani citizens to Iran has...
Iranian Elevator Manufacturers Look Beyond Borders
Iran’s elevator manufacturing companies have the capacity to...
Joint Iran-Azeri Car Company Eyes Russia, Georgia Markets
Khazar Car Company, an automotive joint venture between Iran...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus