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Source: Twitter

Volvo Sells 24,000 SUVs To Uber For Self-Driving Car Network

By Brian Spaen

Uber and Volvo reached a landmark deal in the self-driving industry. The auto manufacturer will be selling 24,000 of their luxury SUVs to the ride-hailing service between 2019 and 2021. Both companies will be working together to create an autonomous network for self-driving cars. Without a doubt, it’s easily the largest number of commercial vehicles being used in the process.

This new deal announced Monday is estimated to be worth $1 billion and will be using the popular Volvo XC90 model. Uber will modify the vehicles with their technology developed in the self-driving division of the company. This same model will also feature Volvo’s own autonomous technology as they ready for their commercially available self-driving car in 2021. The deal isn't exclusive and there could be less vehicles involved.

Both Uber and Volvo initially formed an autonomous driving project back in August 2016 worth $300 million and this new announcement enhances that prior relationship. Back then, they detailed that a new base vehicle would be developed by Volvo’s Scalable Product Architecture for self-driving technology, which has been used in the XC90 SUV model. On a smaller scale, this vehicle has already been tested out by both companies in Pittsburgh the following October.