Volvo Collaborates With Aurora For Autonomous Truck Development

Author: Anusuya Lahiri | March 30, 2021 01:05pm

Volvo AB’s (OTC: VOLVF) Volvo Autonomous Solutions forged a multi-year partnership with autonomous driving company Aurora to develop on-highway autonomous trucks.
The collaboration will initially focus on hub-to-hub applications for North American customers.
This partnership will concentrate on the amalgamation of the Aurora Driver into Volvo’s on-highway trucks and the development of Transport as a Service solution.
Volvo also forged a partnership with NVIDIA Corp (NASDAQ: NVDA) to develop artificial intelligence (AI) for self-driving trucks.
Aurora’s autonomous systems, unified self-driving stack, software, hardware, and data services platform will lead to efficient and safe on-highway solutions in the medium term and accelerate Volvo’s hub-to-hub applications offer in North America as per Volvo Autonomous Solutions President Nils Jaeger.
Price action: VOLVF shares traded lower by 1.38% at $25.43 on the last check Tuesday.