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Volvo to offer automobiles for Didi’s self-driving take a look at fleet By Reuters 

© Reuters. Brand of Swedish car producer Volvo is seen at Stierli Vehicle AG firm in St. Erhard

By Nick Carey

LONDON (Reuters) – Swedish carmaker Volvo Automobiles stated on Monday it has signed an settlement to offer automobiles to the autonomous driving know-how unit of China’s prime ride-hailing agency, Didi Chuxing, for its self-driving take a look at fleet.

Volvo will present XC90 SUVs geared up with backup steering and braking methods that DiDi Autonomous Driving will combine with Didi Gemini, its new self-driving {hardware} platform.

Didi is presently working towards an preliminary public providing with a valuation of not less than $100 billion.

Simply final week self-driving startup Cruise, which is backed by Normal Motors Co (NYSE:), stated it had raised $2.75 billion in its newest funding spherical from traders together with Walmart (NYSE:) Inc, taking its valuation to over $30 billion.

Volvo Automobiles, which is owned by China’s Zhejiang Geely Holding Group Co Ltd, will initially present Didi with a whole lot of autos, with the intention of including extra because the self-driving take a look at fleet expands, head of technique Alexander Petrofski instructed Reuters.

“For us it is a large alternative as a result of we acquire real-world know-how and get to check our autos in a real-world atmosphere,” Petrofski stated. “That is one thing we are going to profit from after we begin rolling out this know-how in purposes for our clients.”

Petrofski stated just a few of the autos have already been delivered to Didi.

Volvo started offering take a look at automobiles to Uber’s autonomous driving unit again in 2016. Uber Applied sciences (NYSE:) Inc offered that enterprise to self-driving automotive startup Aurora final 12 months and continues to be utilizing Volvo autos.

“This (new settlement with Didi) is consistent with our imaginative and prescient to be the accomplice of alternative on a worldwide stage” for self-driving fleets, stated Volvo’s head of autonomous driving technique, Johan Taws.

The built-in backup methods and security options on Volvo’s XC90 automobiles, mixed with Didi’s self-driving system ,will finally enable the automobiles to function with out security drivers in robotaxi providers, Volvo stated.

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