Volvo Car Corp. will hire around 400 engineers over the next 12 months to develop safety, autonomous driving and electrification technologies, the car maker said Tuesday.
The new recruits will mainly focus on software development, with the majority based at the company’s research and development headquarters in Gothenburg, it said.
In addition, the company is opening a new research and development centre in Lund, in southern Sweden.
Volvo recently announced a new partnership with ride-hailing company Uber Technologies Inc. to jointly develop the next generation of autonomous driving cars, and earlier this year said it would launch autonomous driving pilot projects in London and China. The company also plans to offer a plug-in hybrid variant on each new model as it replaces its entire product portfolio in the coming years. It will launch its first fully electric vehicles by 2019.
Volvo Cars is owned by China’s Zhejiang Geely Holding Group Co. and is not affiliated with truck maker Volvo AB (VOLV-B.SK).
Source: Market Watch