"Volvo Cars to Utilize Tesla's Superchargers, CEO Explains Exclusion of Autonomous Driving Tech"

Volvo Cars CEO, Jim Rowan, has stated that the company will not use Tesla's autonomous driving technology and will instead focus on developing its own systems. Volvo Cars had previously announced an agreement with Tesla to give its electric vehicles access to Tesla Superchargers. Rowan emphasized the company's decision to be in full control of its advanced driver assistance systems (ADAS) and autonomous driving software. Volvo Cars aims to have every car it sells fully electric by 2030 and has taken full ownership of Zenseact, a business specializing in AD software. The company reported strong sales performance in electric cars, with fully electric Volvo models accounting for 16% of its total share in the second quarter. Rowan also discussed supply chain challenges, mentioning the normalization of lithium prices and improved semiconductor availability.