Swedish carmaker Volvo Cars said on Monday it has signed an agreement to provide cars to the autonomous driving technology unit of China's top ride-hailing firm, Didi Chuxing, for its self-driving test fleet.
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Volvo will provide XC90 SUVs equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with Didi Gemini, its new self-driving hardware platform.
Didi is currently working toward an initial public offering with a valuation of at least $100 billion.
Volvo Cars, which is owned by China's Zhejiang Geely Holding Group Co Ltd, will initially provide Didi with hundreds of vehicles, with the aim of adding more as the self-driving test fleet expands, head of strategy Alexander Petrofski told Reuters.
