On Monday, Volvo Cars India revealed that its initial all-electric SUV model, the XC40 Recharge, will be released on July 26, 2022, in its version of the metaverse, the ‘VolvoVerse’.
The release of the XC40 Recharge will be an initial on different levels: the initial electric car introduced by Volvo in the country, the initial premium electric SUV assembled locally in India, and the initial automobile manufacturer to reveal its price in the metaverse in India.
The XC40 Recharge, that is similar in design to its ICE counterpart, will be manufactured at the luxury Swedish carmaker Hosakote plant in Bangalore in Karnataka, India.
This car has two electric motors with a combined output of 408 horsepower and 660 Nm of torque. In addition, It has a 78kWh lithium-ion battery which can cover a distance of 400 kilometers per charge and can be charged in just 40 minutes.
Volvo announced the digital release as the initial to happen on a metaverse platform “in the history of the Indian auto industry”. With the launch of this new car in the metaverse, users from all over India and the world will get the opportunity to tune it.
Automakers invest in Web3 and the metaverse
The release of Volvo’s new electric SUV in the metaverse shouldn’t come as a surprise to people who pay attention to Web3 news.
The following is a list of just a few of news about car companies and manufacturers that have been involved in Web3:
• Chevy reveals NFT auction for IRL Corvette Z
• Ripple & Lotus cars collaborate for NFT series
• Fender and BMW cooperate with Meta for VR experiences
• Bentley Motors releases eco-friendly NFT series
• Automakers Nissan and Toyota report metaverse projects.
And apart from the fact that digital cars do not need gas to run, Hyundai has created a virtual energy station in the metaverse. It seems that even while the crypto bear market trudged on, the enthusiasm of special sectors such as the automobile industry for NFTs and the metaverse stays high.
Volvo probably be late in the game of automobile manufacturer’s widely, but they are the initial to test the new technology in this way in India.
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