Volvo Cars said on the 23rd that it earned the top rating, "Level 5 software-defined vehicle (SDV)," in S&P Global Mobility's assessment of automakers' software-defined capabilities. Volvo Cars is the only automaker in the world to receive this rating.
S&P Global Mobility is a leading institution in automotive intelligence that provides comprehensive data and expert insight on the auto industry to help automakers make more rational, lower-risk decisions.
Volvo Cars was recognized for its ability to improve nearly every function across the vehicle's life cycle and deliver better value to customers. It was said to have earned high marks for adding safety features, improving the user experience, and enhancing charging speed and driving range by using over-the-air (OTA) updates.
Volvo Cars quickly turns real-world driving data into intelligent information and uses it to train future safety and driver-assistance systems.
Håkan Samuelsson, CEO of Volvo Cars, said, "Volvo Cars has continued sustained investment and development for years to secure top-tier software capabilities," and added, "Based on this, we have been able to achieve a dramatic leap forward in customer experience and development speed."