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This article first appeared on: Volvo plans to only produce cars with an electric motor by 2019, and hopes to have 1 million EVs on the road by 2025. “This announcement marks the end of the solely combustion engine-powered car,” said Håkan Samuelsson, president and chief executive. “Volvo Cars has stated that it plans to have sold a total of 1 million electrified cars by 2025. When we said it, we meant it.” Volvo’s announcement is a major stride for the sustainable energy vehicle market, according to a Volvo press release. With the evolution of the electric motor and the decline of the internal combustion engine, Volvo is looking to join the likes of Tesla in developing EVs and changing the world’s transportation. The company is the “first car company in the world to say that the pure internal combustion engine is going to evolve into the next stage of its development,” said David Ibison, SVP of Corporate Communications, in a press conference Wednesday. Volvo plans to roll out five electric models between 2019 and 2021, two of which will be on Volvo’s performance car arm Polestar. These five models will become the car giant’s main product as other ICE models are “phased out,” according to the press release. The announcement comes as an example of Volvo’s commitment to clean energy and reducing the environmental impact of its vehicles and factories, a goal that aligns with Elon Musk and Tesla’s vision for a sustainable future. While the company’s optimism for sustainability was apparent Wednesday, there are still several real-world, practical questions that need to be answered when it comes to logistics. A major challenge for EV developers has been integrating its production process to make battery and vehicle production realistic. “We were skeptical on the cost of batteries and the lack of infrastructure to charge cars. We still believe that plug-in vehicles are very good bridge into the new world,” Samuelsson said when asked about the company’s new direction. “Battery costs have come down and there is also movement in charging infrastructure.” Some skeptical voices in the industry are saying that the announcements could be the result of Geely — a Chinese automotive manufacturer that invested $11 billion into Volvo — pushing for a product that can compete with Tesla. “It (Tesla) is a tough competitor,” Samuelsson said. “We are becoming the second automaker to go all electric.” Tesla fans everywhere will no doubt harp on his words: “second automaker.” As Volvo joins Jaguar, Chevy and other car companies to be more competitive in the EV market, one can’t help but imagine Elon Musk smiling, his long-term hopes for sustainable energy coming to fruition. Volvo throws down the gauntlet, will produce only EVs by 2019
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You can already hail an autonomous taxi in Singapore. And Tokyo. And Moscow. China doesn't want to be left behind in this AI party, so Chinese Internet giant Baidu announced that it's working on a slate of self-driving passenger vehicles, including robo-taxis, that will go into testing as soon as next year in Changsha, the capital of Hunan province. The news came as part of a series of AI vehicles announcements in Beijing at Baidu World, the company's annual technology conference, where Baidu also announced an AI deal with Ford. "The era for autonomous passenger vehicles is upon us, but having only smart cars is not enough," Baidu Chairman and CEO Robin Li said. "We also need smart roads. By leveraging our capabilities in autonomous driving and AI technologies, we can develop comprehensive solutions that will greatly improve the efficiency of urban cities." https://www.forbes.com/sites/sebastianblanco/2018/11/01/baidu-volvo-autonomous-electric-vehicles-china/#edafdd83bcdb
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Volvo launches Polestar as stand-alone performance EV brand to target Tesla
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This article first appeared on: Swedish auto manufacturer, Volvo, has announced it is now entering the high-performance EV market. The company is transforming its long-time racing and performance division into an EV powerhouse. Polestar will become a “new separately-branded electrified global high-performance car company.” The new vehicles will not bear the Volvo brand and will be introduced as an entirely new stand-alone brand. Volvo purchased Polestar in 2015, a move that allowed the brand to introduce higher performing vehicles. At the time of the acquisition, Volvo stated that they intended to incorporate their hybrid technology into the vehicles. Now, as the automotive industry rushes to compete with Tesla in the EV market, Volvo has decided to transform Polestar into its own stand-alone brand. “Polestar will be a credible competitor in the emerging global market for high performance electrified cars. With Polestar, we are able to offer electrified cars to the world’s most demanding, progressive drivers in all market segments.” – Håkan Samuelsson, President and CEO of Volvo Cars Rewinding back to 2014, before buying Polestar, Volvo announced its new Drive-E scalable platform architecture (SPA). The SPA focused its complete product line around a 2.0 liter 4-cylinder engine, tuning the engine with super and turbochargers to increase power as needed. Since then, the company has nearly redesigned its entire line of vehicles around the SPA. The company has seen global sales surge 25% since 2014, and Volvo has yet to see the effects of a major overhaul to its best seller, the XC60. Polestar announces new management team to develop electrified performance brand for Volvo cars The Swedish manufacturer has long been committed to environmentally friendly vehicles and is directly going after Tesla’s market. Earlier this month, Volvo’s CEO cited Tesla as a major reason for developing an electric car, “We have to recognize that Tesla (TSLA.O) has managed to offer such a car for which people are lining up. In this area, there should also be space for us, with high quality and attractive design.” While it may seem odd that the new performance EV brand won’t be wearing the Volvo badge, the new brand could allow Volvo to mimic Tesla’s business in a larger sense. Volvo’s Polestar brand won’t be tied to Volvo’s network of franchised dealers and could allow the company to pursue direct-to-consumer car sales. Volvo has flirted with the idea in the past, and even allowed buyers of the XC90 order the vehicle online, directly from the manufacturer. While Volvo’s dealers still handled the pricing and delivery of the vehicle, it has allowed the company to test out sales model. Tesla has previously claimed that traditional franchise dealers are the wrong place to sell electric vehicles, citing dealers’ incentives to sell maintenance-heavy gas vehicles. Polestar’s Logo, Polestar will be transformed into a performance EV brand over the next few years Leading the new brand is Volvo’s former SVP of Design, Thomas Ingenlath. It’s worth noting that Ingenlath previously worked at VW along with other EV design leaders, Tesla’s Franz Von Holtzhausen and Lucid’s Derek Jenkins. While it is still to be seen what exactly Volvo plans to produce, this new direction for the Polestar brand puts it in direct competition with other EV-only brands such as, Lucid Motors, NIO, Tesla, and Rivian. Source -
Volvo and Audi are looking to do more with Android in its forthcoming connected vehicles, the companies announced on Monday ahead of this week’s Google I/O developer conference. The companies will be showing off the fruits of this deeper integration at the event in San Jose, which goes beyond entertainment and navigation to help drivers and passengers control AC, windows, sunroof and more via Android. The integration of Android throughout more of the infotainment experience in cars is a win for Google, which is moving out ahead of competitors like Apple in terms of gaining more real estate in automobiles. This will become increasingly important as vehicles become sites for more mobile activity and additional connected activities, which will lead to more generation of data that can be useful to Google as an advertising platform, as well as for other aspects of its business including media delivery. Continue reading