Volvo Cars of North America LLC
10/30/2024 | Press release | Distributed by Public on 10/30/2024 08:10
TIME names Volvo EX90 driver understanding system one of 2024’s Best Inventions
We pride ourselves on being a leader in automotive safety. So naturally,we are honouredthat TIMEhas named thedriver understanding system in the new Volvo EX90SUVas one of its 2024 Best Inventions.
Today, TIME reveals its annual list of the Best Inventions, which features 200 extraordinary innovationsthat it believes arechanging our lives. In this year's list,TIME featuresthedriver understanding systemthat comes as standard onournew, fully electric flagship as a winner in the Automotive category.
The driver understanding system inside the EX90 is apioneering new safety feature thatuses real-time sensing technology to understand if a driver is impaired, tired,or distracted,so the car can step in to supportif needed.
In some cases, the EX90 will alert the driver with a soft nudge, followed by more consistent notifications if that initialnudge does not have the desired effect. In casethe unexpected happens, for examplea driver falling asleep, the EX90 can safely stop the carand send a warning to other road users with its hazard lights.
"The EX90 is designed to be the safest Volvo car we have ever made," says Jim Rowan, our chief executive. "While allourcarsare developed to meet ourpioneering safety standard, we continueto push the envelope in safetywith every new Volvo car. On behalf of everyone at Volvo Cars, I amverypleasedto see TIME recognise us as a leader in automotive safety."
The driver understanding system in the EX90is one of our latest safety inventions,thanks to our knowledge gained fromover 50 years ofreal-world research. Stemmingfrom ourinsightintohow drivers interact with their carsin real life, it helps address one of the main gaps towards zero collisions by supporting people based on understanding their behavioursand needs.
Safetyhas always been our top priority.One of our most important contributions is the modern three-point safety belt. Since we introduced it in 1959, and later granted free use of its design, the safety belt is estimated* to have saved a million lives.
As we accelerate towardsour ambition ofzero collisions, the EX90 representsa new era of safetyfor Volvo Cars. Ourall-electric flagship SUV is designed to help protect people and make their everyday journeys easier and more enjoyable.Itwillalsoget betterover time as it learns from real-time datapointsand receives over-the-air updates.
The small print
- The 1 million lives saved figure is based on general and in-house statistics on accidents and belt usage.
- To compile this year's list, TIME solicitednominations from TIME editors and correspondents around the world and through an online application process, paying special attention to growing fields-such as health care, AI, and green energy. TIME then evaluated each contender on a number ofkey factors, including originality, efficacy, ambition, and impact. Read
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About Volvo Car USA
Headquartered in Mahwah, New Jersey, Volvo Car USA LLC (VCUSA) (www.volvocars.com/us) is a subsidiary of Volvo Car Group of Gothenburg, Sweden (Nasdaq Stockholm VOLCAR B), providing sales, marketing, parts, service, technology, and training support to Volvo automobile retailers in the United States since the 1950s. Operations also include a manufacturing campus in Ridgeville, SC that underlines the company's long-term commitment to the U.S. as a key market. In addition, VCUSA maintains offices in California and parts distribution and training centers across the country. More information is available on the Volvo Car USA media website: http://www.media.volvocars.com/us
Volvo Cars in 2023
For the full year 2023, Volvo Car Group recorded a record-breaking core operating profit of SEK 25.6 billion. Revenue in 2023 amounted to an all-time high of SEK 399.3 billion, while global sales reached a record 708,716 cars.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker "VOLCAR B".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissionsby 2040.
As of December 2023, Volvo Cars employed approximately 43,400 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly locatedin Gothenburg, Sweden. Volvo Cars' production plants are located inGothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqingand Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
Volvo Cars Investor Relations