18 May 2022

New workspace will support online sales and software development

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

Volvo Cars has announced it is expanding its presence in Stockholm by investing in a tech hub, creating 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, situated in the centre of Sweden’s capital, is an expansion of the current downtown Stockholm location and will concentrate on online sales and software product development.

The expansion will support Volvo Cars’ growth, as well as its mid-decade ambitions to sell at least half of all its cars online and to develop at least half of all software in-house.

Hanna Fager, Head of Corporate Functions at Volvo Cars, said: “People with the right competence and values make the difference for our ambitions, and that’s why we’re establishing our new tech hub in Stockholm. Stockholm is a hot spot for tech talents, and we want to create an innovative, creative and collaborative workplace to attract people from around the world. The process has already started and we’re currently looking for new team members who can help drive our company forward.”

Volvo Cars says its 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.

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.”

Volvo Cars says it is taking its software development in-house, both to reach its online aims and because cars are increasingly defined by software rather than traditional automotive attributes.

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.