Ericsson, Volvo Cars Sign Five-year Deal For Ericsson CVC Platform - Quick Facts

(RTTNews) - Ericsson (ERIC) announced it has been selected by Volvo Car Group (Volvo Cars) to provide the industrialized Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services in more than 120 markets worldwide for the next five years. The deal will enable Volvo Cars to provide car owners and drivers with its latest developments in connected car digital services such as automation, fleet management, telematics, navigation, and infotainment.

The company said the services will also benefit from the increased speed, low-latency and capacity for mission critical applications, such as autonomous driving, that commercial 5G networks will enable.