BR100 Increased By (2.94%)
BR30 Increased By (3.47%)
KSE100 Increased By (2.69%)
KSE30 Increased By (2.84%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
Business & Finance

Volvo to supply Uber with self-driving cars

Published November 20, 2017 Updated November 20, 2017 04:34pm

STOCKHOLM: Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply "tens of thousands" of self-driving cars to the ride-sharing company, Uber.

Volvo -- which is owned by China's Geely and has yet to build a self-driving system -- said in a statement that it would supply Uber with "autonomous driving compatible base vehicles between 2019 and 2021."

The financial details were not disclosed and, when contacted by AFP, a Volvo spokesman did not specify the number of cars.

But the statement said that "Volvo Cars' engineers have worked closely together with engineers from Uber to develop the XC90 premium SUVs that are to be supplied to Uber."

The base vehicles "incorporate all necessary safety, redundancy and core autonomous driving technologies that are required for Uber to add its own self-driving technology," the statement said.

The deal builds on a non-exclusive agreement signed by the two parties back in 2016.

Uber's head of auto alliances, Jeff Miller, said the deal "puts us on a path towards mass produced self-driving vehicles at scale."

Uber was thrown into disarray earlier this year when Transport for London (TfL) refused to renew its licence to operate in the British capital due to concerns about public safety for passengers and the process of driver registration.

Copyright AFP (Agence France-Press), 2017

Comments

Comments are closed for this article.