Volvo Cars is always striving to become a leader in the global automotive industry and a service provider for consumers. It will continue to make efforts in three areas: new energy, autonomous driving and new sales model exploration. Recently, China Netcom learned from overseas media volvocars. Volvo Cars has officially announced that it will complete its first strategic investment through its newly established science and technology investment fund, which will be injected into a company called Luminar's leading edge sensor technology pioneer in self-driving cars. Both will collaborate on the development of autonomous driving 3D. Sensing software, while using laser detection technology to help radar equipment more accurate acquisition of image data.
Luminar has offices in Palo Alto, California, and Orlando, Florida. The investment will deepen the existing cooperation between Volvo and Luminar. The current cooperation between the two parties focuses on the development and testing of advanced applications for Volvo Cars. Sensing technology. Laser radar technology that uses pulsed laser signals to detect surrounding objects is the key to the introduction of safe self-driving cars.
Start-ups that have invested in the Volvo Automotive Technology Fund will benefit in many ways. In addition to establishing partnerships with Volvo Cars, they also have the ability to validate their technology and accelerate the introduction of products to the market. In addition, start-ups are expected to benefit The unique advantages of Volvo Cars in the Chinese automotive market, as well as Volvo Cars global automotive and technology partner system.
The Volvo Automotive Technology Investment Fund was established in early 2018 to invest in global high-potential start-ups. Its investment focus will be on strategic trends that can change the industry landscape, such as artificial intelligence, electrification, and automation. Driving and digital mobile services.
He Rui'an, senior vice president of R&D at Volvo Car Group stated: 'The Lidar technology is the core technology for autonomous navigation of autonomous vehicles under complex road conditions and high-speed driving conditions. Cooperation with Luminar allows us to understand this prospect in greater depth. Technology, to promote the Volvo car to the future of highly automated automotive era. '
Zaki Fasihuddin, CEO of Volvo Automotive Technology Fund said: “Luminar is a typical representative of the companies and technologies we choose to invest in. It provides us with new strategic ways to acquire the latest technology, R&D capabilities and talents. We provide leading-edge technology start-ups. Support will help us develop cutting-edge technologies that further establish our leadership position in the industry.
Lidarar, a laser radar startup, also stated: “Volvo is currently at the forefront of the development of self-driving car technology. Its safety-centered development concept is completely in line with our technological culture. 'The news indicates that Luminar has realized safe and reliable remote sensing. The ability is the main technical advantage, which is embodied in the fact that the vehicle can still capture the image accurately with the laser detection technology and the radar at high speed.
At present, Volvo is accelerating the deployment of autopilot R&D investment. In this field, Autoliv provides hardware development, and Ericsson provides a car networking system. This time, Luminar's participation provides sensor system and radar technical support.