ECARX and Volvo Cars are planning to set up a new joint venture for the development and commercialization of a cutting-edge infotainment system platform. The Joint venture would allow both companies and the wider Geely Group to speed up technology development, improve cost efficiency and create new revenue streams.
Through the new joint venture, both companies will continue and expand the development of Volvo Cars’ infotainment system platform. The joint venture will make the platform available to all Geely Group and affiliate brands, while also providing the platform to third parties through ECARX.
Volvo Cars initially plans to integrate the platform developed in the joint venture into Volvo Cars and Polestar cars, with their own unique user interfaces. ECARX will be the exclusive commercialization partner for the integration of the platform into other vehicles worldwide and in combination with its existing ECARX automotive services offering in the China market. Volvo Cars and ECARX are also investigating the use of ECARX automotive services in the China market and hardware from ECARX.
When established, the joint venture will be led by Jan-Erik Larsson, currently the head of R&D in China for Volvo Cars. Following final negotiations, and subject to finalization and execution of relevant agreements between the parties, the company is set to become operational in the third quarter of 2021.