Volvo Cars is opening a new tech hub in Singapore, which is emerging as a global hotspot based on advanced technology and excellent manufacturing excellence.
This move is part of its ambition to transition to a fully electric vehicle brand by 2030 and become a leader in new innovative technologies. Having already operated tech hubs in Stockholm and Lund in Sweden, as well as Bengaluru in India, Volvo Cars has now opened two new tech hubs this year, including Singapore following Krakow in Poland. This is aimed at strengthening its presence in key technology areas and optimizing its global site strategy to secure the world’s top tech talents.
Set to officially open in September, the Singapore tech hub will focus on enhancing capabilities in data and analytics, software, and the advanced manufacturing field, which is a core strategic area for Volvo Cars. Manufacturing is a technology-intensive area that offers many new opportunities within AI, robotics, automation, machine learning, nanotechnology, and various other new technologies. Furthermore, it will continue to closely collaborate with the existing tech hub network and global engineering centers located in Gothenburg, Sweden, and Shanghai, China.
Javier Valle, Chief Operating Officer and Vice President of Volvo Cars, stated, “The new tech hub being established in Singapore will further accelerate our drive and enhance our capabilities in advanced manufacturing and data analytics as a global innovation center,” adding, “In the future, it will support Volvo Cars’ unique technology and software development capabilities.”
Meanwhile, Singapore has grown into a market that has become a center for leading global technology capabilities and core centers in recent years, attracting global tech companies, investors, and talents based on its reputable universities and broad educational ecosystem.
Volvo Cars, which recently established the APeC regional headquarters in Singapore, plans to operate the new tech hub with the support of the Singapore Economic Development Board. This will provide additional capabilities to leverage local networks and talents for the development of next-generation technology and automotive development.
Sandy Go, Senior Vice President of the Singapore Economic Development Board, welcomed Volvo Cars’ decision to establish the tech hub in Singapore, stating, “This demonstrates Singapore’s attractiveness as an innovation base for global mobility companies to develop new solutions for regional and global markets.” She added that this would provide opportunities for job creation and collaboration between skilled professionals in public research and local companies to develop new technologies and next-generation vehicles.
Lee Sang-jin daedusj@autodiary.kr