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Volvo Cars Unveils Unified Tech Stack For Future Electric Vehicle Lineup
Volvo Cars unveiled a transformative technology strategy at its Capital Markets Day in Gothenburg, Sweden. This new approach focuses on creating cars that improve over time. Starting with the EX90, future electric vehicles will utilise the Volvo Cars Superset tech stack. This unified system includes all necessary modules and functionalities for upcoming models, allowing continuous enhancement.
The Superset tech stack is designed to be modular and adaptable. Each new car will use a subset of these building blocks, ensuring ongoing improvements. "The Volvo Cars Superset tech stack is a true game changer: it allows all of our engineering effort to be channeled into one single direction that powers all our products, instead of working on specific car projects," said Anders Bell, Chief Engineering and Technology Officer at Volvo Cars.
This approach ensures that advancements made for one model benefit others. For instance, work on the EX90 will enhance the ES90 and future models like the EX60. This method guarantees that cars already in customers' hands also receive updates.
Volvo's closed-loop development process leverages data, connectivity, software, and core computing to continuously refine their vehicles. This shift is as significant as moving to electrification. It impacts everything connected to the car's electrical system, offering limitless potential benefits.
Real-time insights and advanced computing capabilities enable relentless improvement of every vehicle aspect. Engineers can make constant enhancements based on real-world data from cars in use.
Next-Generation SPA3 Platform
A key component of this strategy is the SPA3 platform, which underpins future electric vehicles like the upcoming EX60 mid-size SUV. SPA3 builds on previous platforms but introduces significant upgrades, including enhanced core computing capabilities for better performance and features.
The SPA3 architecture is highly scalable, allowing Volvo to develop various car sizes using the same technology base. This modularity reduces investment costs and increases production efficiency.
Lower Production Costs
The scalable nature of SPA3 leads to increased synergies and technological efficiency in core computing, batteries, e-motors, megacasting, and modular manufacturing. These factors significantly reduce production costs.
The Torslanda plant exemplifies this approach by housing all necessary production capabilities in one location. Using common components across all SPA3-based cars reduces complexity and enhances flexibility.
Volvo Cars in 2023
In 2023, Volvo Car Group achieved a record-breaking core operating profit of SEK 25.6 billion. Revenue reached an all-time high of SEK 399.3 billion with global sales hitting 708,716 cars.
About Volvo Car Group
Founded in 1927, Volvo Cars is now a globally respected brand with sales in over 100 countries. Listed on Nasdaq Stockholm under "VOLCAR B", Volvo aims to become a fully electric car maker and achieve net zero greenhouse gas emissions by 2040.
As of December 2023, Volvo employed around 43,400 full-time staff. The company's headquarters are in Gothenburg, Sweden, with production plants in Gothenburg; Ghent (Belgium); South Carolina (US); Chengdu; Daqing; Taizhou (China). R&D centres are located in Gothenburg and Shanghai (China).
"For life. To give people the freedom to move in a personal, sustainable and safe way." This mission drives Volvo's commitment to sustainability and innovation.
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