Volvo Group: Ground-breaking Innovations for Future Autonomous and Electric Transport Solutions

PR75135

GOTHENBURG, Sweden, September 12, 2018 /PRNewswire=KYODO JBN/

The Volvo Group continues its far-reaching drive to develop next-generation

transport solutions. The latest examples include a system in which autonomous

electric vehicles are coordinated to ensure as efficient, and safe goods

transport as possible, as well as a new electric compact wheel loader concept.

To view the Multimedia News Release, please click:

https://www.multivu.com/players/uk/8397051-ground-breaking-innovations-for-transport/

On September 12 the new goods transport solution was unveiled for the first

time in connection with the Volvo Group's Innovation Summit in Berlin. It

consists of autonomous electric vehicles that are wirelessly connected to a

transport control centre.

The control centre monitors parameters such as each vehicle's location, load

and battery charge, using this data to ensure that the overall fleet logistics

as well as goods and vehicle flow are as efficient as possible.

The system is intended for use within areas characterised by short distances,

large cargo volumes and high delivery precision, for example between logistic

hubs.

"This is yet another result of the exciting and innovative solutions we are

working with in the areas of automation, electromobility and connectivity,"

says Lars Stenqvist, Chief Technology Officer Volvo Group. "It showcases the

Volvo Group's immense range of expertise and our solid technological knowhow."

By further developing the advanced technology from Volvo's electric buses Volvo

Group is able to tailor it to suit the electrification of various vehicle

categories, such as trucks, construction machines and marine and industrial

applications. In parallel, Volvo Group has for many years conducted in-depth

research into autonomous vehicles and presented several examples of

self-driving concept vehicles.

"This puts us in a unique position for the development of next-generation

transport solutions. Now we are continuing to pursue our development at a fast

pace," says Lars Stenqvist.

The new goods transport solution will be further developed in close cooperation

with relevant customers.

At the Innovation Summit in Berlin the Volvo Group also presented its LX2

construction machine, an electric compact wheel loader concept. The

second-generation prototype is part of a research project and is not

commercially available yet. The LX2 delivers far lower noise levels, improved

efficiency and lower operating costs compared to its conventional counterparts.

Watch the video here: https://youtu.be/a97H4hxwS6o

Stay connected with us across all social networks using #VolvoGroupSummit

[https://twitter.com/hashtag/volvogroupsummit].

For more information, please visit volvogroup.com/press

The Volvo Group is one of the world's leading manufacturers of trucks, buses,

construction equipment and marine and industrial engines. The Group also

provides complete solutions for financing and service. The Volvo Group, which

employs almost 100,000 people, has production facilities in 18 countries and

sells its products in more than 190 markets. In 2017 the Volvo Group's sales

amounted to about SEK 335 billion (EUR 35 billion). The Volvo Group is a

publicly-held company headquartered in Göteborg, Sweden. Volvo shares are

listed on Nasdaq Stockholm.

(Photo: https://mma.prnewswire.com/media/742236/Volvo_Trucks.jpg)

For further information, please contact:

Anna Arbius

+46-(0)31-322-2993

AB Volvo (publ)

+46-(0)31-323-72-29

http://www.volvogroup.se

SOURCE: Volvo Group