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Mobility

Volvo teams up with Nvidia to develop next-generation assisted driving system

Volvo is developing an assisted driving system using Nvidia\'s AI technology that would allow drivers to travel from a starting point to a destination without holding the steering wheel. It aims to broaden support beyond highways to complex city environments and pursue commercialisation before 2030. The system is designed to make driving decisions and control steering, acceleration and braking, while requiring drivers to continuously monitor surroundings and intervene when needed.

Mobility

Volvo EX60 production hits snag, U.S. deliveries may slip to next year

Volvo’s new electric SUV EX60 is facing production disruptions, with output stuck at about 10 percent of its original target. The company is encountering manufacturing problems related to batteries and electric motors as it ramps up production at its Torslanda plant in Sweden. Limited supply is being prioritised for Europe, complicating plans to sell about 7,000 units in the United States this year. Large-scale U.S. supply is seen possible only in the second half of 2027.

Mobility

Socar launches \'SOPICK\' long-term car subscription, Model Y at 730,000 won a month

Socar has launched \'SOPICK\', a long-term vehicle subscription service allowing contracts of 12 to 60 months. Subscribers can change to another vehicle after using it for at least one month without a penalty, excluding delivery and reconditioning costs. The lineup includes new and nearly new vehicles as well as used cars, with monthly fees of 420,000 won for Avante and Kona and 730,000 won for the Model Y on a 60-month term.