NEXT GENERATION VOLVO CARS TO BE POWERED BY LUMINAR LIDAR TECHNOLOGY FOR SAFE SELF-DRIVING

Volvo Cars, a global leader in automotive safety, is setting new safety and technology standards by partnering with tech firm Luminar to provide their industry-leading LiDAR and perception technology for Volvo’s next generation cars.

The partnership will deliver Volvo’s first fully self-driving technology for highways and paves the way for future active safety developments.

Volvo Cars’ next generation SPA 2 modular vehicle architecture will be available as hardware-ready for autonomous drive from production start in 2022, with the Luminar LiDAR seamlessly integrated into the roof.

Cars based on SPA 2 will be updated with software over the air and if customers decide to opt for it, the Highway Pilot feature that enables fully autonomous highway driving will be activated once it is verified to be safe for individual geographic locations and conditions.

“Autonomous drive has the potential to be one of the most lifesaving technologies in history, if introduced responsibly and safely,” said Henrik Green, chief technology officer at Volvo Cars. “Providing our future cars with the vision they require to make safe decisions is an important step in that direction.”

In addition to the Highway Pilot feature, Volvo Cars and Luminar are also exploring LiDAR’s role in improving future advanced driver assistance systems (ADAS), with the potential for equipping all future SPA2-based cars with a LiDAR sensor as standard.

Luminar’s technology is based on its high performance LiDAR sensors, which emit millions of pulses of laser light to accurately detect where objects are by scanning the environment in 3D, creating a temporary, real-time map without requiring internet connectivity.

LiDAR is key in creating cars that can navigate safely in autonomous mode, providing them with the reliable vision and perception that cameras and radar alone cannot provide. LiDAR is the ideal basis for safe decision-making in complex environments at high speeds.

To enable the Highway Pilot feature, Luminar’s perception technology will be combined with autonomous drive software and the cameras, radars and back-up systems for functions such as steering, braking and battery power installed on forthcoming Volvo cars equipped for self-driving. Put together, this gives Volvo users who want it access to a safe, fully self-driving feature for use on highways.

“Soon, your Volvo will be able to drive autonomously on highways when the car determines it is safe to do so,” said Henrik Green. “At that point, your Volvo takes responsibility for the driving and you can relax, take your eyes off the road and your hands off the wheel. Over time, updates over the air will expand the areas in which the car can drive itself. For us, a safe introduction of autonomy is a gradual introduction.”

As part of the announcement, Volvo Cars and Luminar are deepening their collaboration to jointly ensure robust industrialisation and validation of Luminar’s LiDAR technology for series production. Volvo Cars has also signed an agreement to possibly increase its minority stake in Luminar.

For Silicon Valley-based Luminar, partnering with Volvo Cars represents the company’s first delivery of its technology into series production. This is a key step to achieving the economies of scale that are required to bring the technology to the wider automotive industry.

“Volvo is recognised as the pioneer of automotive safety, having driven standardisation across the industry for the most advanced life-saving technologies,” said Austin Russell, founder and CEO of Luminar. “The next era of safety lies within autonomous driving and once again, Volvo has taken the lead with a major industry milestone. We’ve solved the key cost, performance, and auto-grade challenges to make series production possible, and alongside Volvo are making the technology available to the world.”

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Volvo Car Group in 2019
For the 2019 financial year, Volvo Car Group recorded an operating profit of 14.3 BSEK (14.2 BSEK in 2018). Revenue over the period amounted to 274.1 BSEK (252.7 BSEK). For the full year 2019, global sales reached a record 705,452 (642,253) cars, an increase of 9.8 per cent versus 2018. The results underline the comprehensive transformation of Volvo Cars’ finances and operations in recent years, positioning the company for its next growth phase.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected premium car brands in the world with sales of 705,452 cars in 2019 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding of China since 2010.

In 2019, Volvo Cars employed on average approximately 41,500 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to generate half of its revenue from its direct consumer business. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.