The Volvo Group

Executive Summary

At present, the world is at the historical juncture of a new round of scientific and technological revolution and breakthroughs in digital transformation. The new generation of information and communication technologies, in combination with a substantial reduction in the cost per performance ratio, and their convergence of human production and life have become the leading force for innovation and business revolution.

This paper finds in this digital era, the digital economy is entering a new stage of system restructuring, dynamic transformation and paradigm shift, pushing forward industrial transformation and economic transformation, injecting strong impetus into economic and social development. Furthermore, this paper finds that the transport industry falls typically into the realm of “integration of traditional industries into the digital economy by means of digitalization”, and with the digitalization transformation, increased production quantity, measurable effects on quality and production efficiency could be expected. This paper argues that digitalization is accelerating the three mega trends within commercial transport, namely, electromobility, automation and connectivity. While it offers a wide array of new opportunities, a variety of challenges remain.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment as well as marine and industrial engines. We also provide complete solutions for financing and services. Our industrial footprint includes product development and manufacturing or assembly plants in more than 18 countries and we sell our products in more than 190 markets. In 1992, the Volvo Group set up its very first office in China. Today, the Volvo Group’s combined businesses in China cover more than 22 provinces, cities and autonomous regions with approximately 6,000 employees. China has become the second “home market” after Sweden, where Volvo’s Global Headquarters is located. Apart from being one of the world’s largest manufacturers of commercial vehicles, the Volvo Group has long been a leading pioneer and major driver of innovation in the three mega trends within commercial transport.

Faced with opportunities and challenges in the digital era, based on our previous 26 years’ experiences of successful business operation in China, and with our in-depth knowledge and extensive expertise in technological innovation and digitalization of the automobile industry, the Volvo Group is in a unique position to drive the business revolution of the global commercial transport sector in the digital era. And we are ready to commit ourselves to making valuable contributions to China’s social and economic development.

Download the full report：Shaping the Future of Transport in the Digital Era