Uber is buying $1 billion worth of self-driving cars from Volvo

Uber is buying $1 billion worth of self-driving cars from Volvo

8 years ago
Anonymous $ZOEEBQ1zf0

https://qz.com/1133802/uber-is-buying-1-billion-worth-of-self-driving-xc90-cars-from-volvo/

Five months into Uber’s campaign to improve relations with its drivers, the company has inked a deal with Volvo to buy tens of thousands of autonomous vehicles that could eventually replace them.

The non-exclusive deal is one of the largest commercial orders for self-driving cars yet, building on a $300 million partnership Uber and Volvo struck in August 2016. Under terms announced today (Nov. 20), Volvo will sell Uber up to 24,000 “base cars” modeled on its popular XC90, a luxury SUV, from 2019 to 2021. Uber will modify the XC90s with autonomous technology developed by its self-driving division, the Advanced Technologies Group.