The new Tech Hub will be a key centre for data and analytics, software and advanced manufacturing development in line with Volvo's goal to be a leader in new technology and a fully electric car maker by 2030.
The Singapore facility will initially focus on building up capabilities in technology and software development, data and analytics as well as advanced manufacturing – a core strategic area for Volvo Cars.
Manufacturing is an increasingly technology-intense area that offers plenty of new opportunities within AI, robotics, automation, machine learning, nanotechnology and a range of other new and emerging technologies.
“This new presence in Singapore will support our in-house technology and software development capabilities,” said Volvo Cars chief operating officer and deputy CEO Javier Varela.
“It will serve as a global innovation centre to further accelerate our momentum and increase our capabilities in advanced manufacturing and data and analytics.”
The announcement of the Singapore Tech Hub follows the recent addition of a Tech Hub in Krakow, Poland earlier this year.
Both hubs aim to further optimise Volvo's global site strategy to gain ground in key technology areas and attract the best tech talent around the world. These Tech Hubs work closely with Volvo's existing network of Tech Hubs and core engineering centres globally.
Singapore has in recent years become a leading global technology competence and innovation centre.
With leading universities and wider education ecosystems, it’s now the location of choice for many technology companies, investments and talent worldwide.
Volvo Cars is establishing the new hub in Singapore with support from the Singapore Economic Development Board (EDB), giving Volvo Cars further capability to leverage Singapore's local network and talent for its development of the next generation of technologies and cars.
The new Tech Hub will open in early September and be led by Yvonne Tan, who joined the company on Sept 1.
Volvo operates Tech Hubs in Stockholm and Lund in Sweden, in Krakow in Poland as well as in Bangalore in India. It also has large engineering centres in Shanghai, China and Gothenburg, Sweden.
While each of these locations has its own focus area, together they make up a crucial network of innovation centres spread around the globe.
