Volvo Group Creates New Business Area for Autonomous Transport Solutions

Volvo Group Creates New Business Area for Autonomous Transport Solutions

Volvo Group Creates New Business Area for Autonomous Transport Solutions
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Volvo Autonomous Solutions will form a new business area effective from January 1, 2020; The new business' financial results will be reported as part of the Truck segment. Volvo Group has begun the recruitment process for the position of Head of Volvo Autonomous Solutions

Volvo has introduced a new business area – Volvo Autonomous Solutions. The new business will accelerate development, commercialisation and sales, enabling the Volvo Group to meet the growing demand as well as offer better solutions for customers in segments such as mining, ports and transportation.

At present, there is a higher demand for transportation, increasingly congested roads and environmental challenges. For these the industry needs to develop solutions that are safer and have a low environmental impact and are high on efficiency.

Autonomous transport solutions are currently best suited for applications that require a movement of large volumes of goods and materials on fixed-routes in repeated flows. These solutions will be able to create value for the consumer by improving flexibility, delivery precision and productivity.

Volvo has received a significant amount of inquiries from customers with regards to the wide range of offerings and solutions that can meet specific needs. The company considers the move as the next logical step to gather expertise and resources in autonomous transport solutions, in a bid to further it to the next level.

The company has already demonstrated a few different autonomous transport solutions such as a automated and electrified material handling in a quarry to offer a safer working environment and a reduced cost in operations. In the particular project the company was also able to reduce carbon dioxide emissions by nearly 98 %. Similarly, the company also has established such solutions in mines, demonstrating the products ability to work autonomously across a transport operation over a five km stretch.