Volvo Cars has settled on Singapore as the location of their APEC Tech hub.
Volvo Cars, despite having a long and storied history in Malaysia, has decided to establish a cutting-edge Tech Hub in Singapore. Other Volvo Tech Hubs include the ones in Stockholm and Lund, Krakow, and Bangalore. Their engineering centres are located in Shanghai and Gothenburg.
The Singapore Tech Hub: A Beacon of Innovation
The newly minted Tech Hub in Singapore is poised to become a pivotal center for data analytics, software development, and advanced manufacturing, all central to Volvo Cars’ strategic vision. As the automotive landscape rapidly evolves, this facility will be at the forefront of harnessing groundbreaking technologies, such as AI, robotics, automation, machine learning, and nanotechnology.
Javier Varela, Volvo Cars’ Chief Operating Officer and Deputy CEO, emphasized the importance of this hub, stating, “This new presence in Singapore will support our in-house technology and software development capabilities.” The Tech Hub is not just an investment in technology but also a testament to Volvo Cars’ commitment to innovation-driven growth.
Global Reach, Local Impact
The Singapore Tech Hub follows the recent establishment of a similar facility in Krakow, Poland, illustrating Volvo Cars’ global expansion strategy. Both hubs are strategically positioned to tap into the world’s top tech talent and optimize the company’s global site strategy. They also complement Volvo Cars’ existing network of Tech Hubs and engineering centers worldwide.
Singapore: A Hub of Innovation
Singapore has emerged as a global technology hub in recent years, boasting leading universities, a robust education ecosystem, and a magnet for technology companies and talent. It’s the ideal location for Volvo Cars’ Tech Hub, which will leverage the city-state’s resources and expertise to develop the next generation of technologies and vehicles. Support from the Singapore Economic Development Board (EDB) further enhances the Tech Hub’s capabilities.
