SWEDEN-SINGAPORE MOBILITY PLATFORM 2025
With over 12.1 million journeys made daily, you have the chance to reshape the way Singapore moves.
Key Dates: 13 to 16 October | Location: Singapore
Since gaining independence in 1965, Singapore has become one of the world's most prosperous nations. Its GDP has grown from USD 43.4 billion in 1983 to USD 394.3 billion in 2023, while its GDP per capita has risen to one of the highest levels globally.
The Singaporean economy is among the most competitive and stable globally, characterized by no foreign debt, high government revenue, and a consistently positive budget surplus. It is primarily driven by exports in electronics and precision engineering, complemented by a vibrant services sector that includes information technology, communications, tourism, and finance. Additionally, Singapore's central location in the global supply chain is enhanced by its world-class container terminal, which handles one-fifth of global trans-shipment trade annually.
SWEDEN & SINGAPORE RELATIONS WITHIN THE AUTOMOTIVE AND MOBILITY SECTOR
Sweden and Singapore have a long history of collaboration in innovation, spanning academia, government, and the private sector.
Memorandum of Understanding between Swedish Transport Administration and Land Transport Authority of Singapore. Signed on 18 November 2024
In recent years, mobility has become a major focus area, with key developments including:
- Mobility and transport being a top priority for Team Sweden in Singapore, with strong interest from Singaporean stakeholders in sustainable Swedish technologies
- Presence of Swedish mobility companies such as Volvo, Scania, ABB, Einride, and Ericsson in Singapore, leveraging its strategic location and advanced tech ecosystem
- Volvo Buses and SC Auto Industries are partnering to accelerate the adoption of electric buses in Singapore and beyond, combining Volvo’s expertise in electromobility with SC Auto’s local manufacturing capabilities to deliver safe, high-quality, and sustainable transport solutions
- Establishment of ABB’s innovation lab in Singapore and Volvo Cars’ new Tech Hub in 2023 to develop cutting-edge solutions for the global market
- Singaporean transport giant ComfortDelGro winning a contract for Stockholm’s metro, increasing interest from Singaporean firms in Swedish mobility solutions
- Academic collaboration between Swedish and Singaporean universities, including the Knut and Alice Wallenberg Foundation’s Postdoctoral Fellowship Programme with Nanyang Technological University (NTU)
- An annual delegation, managed by Business Sweden and sponsored by Vinnova, of Swedish an start-ups in the mobility space visiting Singapore to learn and gain access to Singapore and regional markets.
- Discussions ongoing to establish a LTA-sponsored “sandbox project” focusing on EV-charging roads utilising Elonroad’s technology
On 18th November 2024, Swedish Transport Administration (Trafikverket), and Land Transport Authority of Singapore have signed an agreement to cooperate on the field of land transport planning and management, capacity building, research and knowledge transfer and exchange. This partnership is driven by a mutual interest in sharing information related to land transport policy, planning, development, management, and operations in Sweden and Singapore.