Volvo Cars to open new 700-job tech hub in Stockholm

Volvo is expanding its presence in Stockholm with a new tech-hub that will help improve the software used in electric vehicles.

Located in the centre of Sweden’s capital city, the new tech hub will provide a workspace for more than 700 professionals skilled in software engineering, data science and analytics, product management, online business and user experience.

The tech hub is an expansion of Volvo Cars’ current downtown Stockholm location and will build on the company’s online sales and software product development, which are key focus areas for the company in its ongoing transformation. The expansion will support Volvo Cars’ mid-decade ambitions to sell at least half of all its cars online and to develop at least half of all software in-house.

Volvo Cars’ move towards online sales is integral to its aim of becoming a leader in the fast-growing premium electric segment with millions of direct consumer relationships. The focus on online sales and direct relationships includes creating a simplified and straightforward process for ordering a Volvo car, with transparent pricing, clear product information and clarity on delivery times.

Henrik Green, chief product officer at Volvo Cars, said: “Beyond making our cars safer through technology and more sustainable through electrification, we want to fundamentally change car ownership to be more personal through a world-leading consumer experience.

“That’s why we are investing in product and tech, and expanding in Stockholm to access the wealth of talent in everything from product management to software engineering and user experience.”

To build the best software-defined cars and to truly benefit from developing software in-house, the company is also centralising computing inside its fully electric cars into a powerful core system. This will support Volvo Cars to continue to introduce new software and features to customer cars via over-the-air updates.

The tech hub workspace will be renovated and modernised later this year, and will also serve as the base for the company’s businesses in the wider Stockholm region.