Volvo Cars and Autoliv JV to develop autonomous driving software

Automaker Volvo Cars and automotive safety systems supplier Autoliv are to set up a new jointly owned company to develop next-generation autonomous driving software. The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to more than 600 in the medium term. The company is expected to start operations in the beginning of 2017.
September 8, 2016 Read time: 2 mins

Automaker 7192 Volvo Cars and automotive safety systems supplier 4171 Autoliv are to set up a new jointly owned company to develop next-generation autonomous driving software.

The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies of around 200, increasing to more than 600 in the medium term. The company is expected to start operations in the beginning of 2017.

The joint venture will create a new entrant in the growing global market for autonomous driving software systems. It marks the first time a leading premium car maker has joined forces with a tier-one supplier to develop new ADAS and AD technologies.

The new company, which has yet to be named, will develop advanced driver-assistance systems (ADAS) and autonomous drive (AD) systems for use in Volvo cars and for sale exclusively by Autoliv to all car makers globally, with revenues shared by both companies.

The joint venture will bring together two global leaders in automotive safety, underlining the contribution ADAS and AD can make to road safety, and speeding up the development and introduction of fully autonomous cars.

Both Autoliv and Volvo Cars will licence and transfer the intellectual property for their ADAS systems to the joint venture. From this base, the company will develop new ADAS technologies and AD systems. It expects to have its first ADAS products available for sale by 2019, with AD technologies available by 2021.

Location Based Systems

For more information on companies in this article

Related Content

  • GM ends its Maven car-share business
    May 6, 2020
    Maven car-share brand, launched in 2016, was struggling before the pandemic
    Read More
  • Nissan’s new Serena comes equipped with autonomous technology
    July 15, 2016
    Nissan Motor Company’s new Serena, due to go on sale in Japan in August, will come equipped with the company’s ProPILOT autonomous drive technology, designed for highway use in single-lane traffic. ProPILOT will assist with steering, accelerator and braking, controlled from a mono camera equipped with image processing software which recognises road and traffic situations, as well as lane markers. The system is activated and deactivated b y the driver using a switch on the steering wheel. Once activate
    Read More
  • Rethink required to reduce road transport’s environmental impact
    March 15, 2016
    Against a background of a renewed focus on limiting the rise in average temperatures, Colin Sowman looks at a project that is taking a holistic approach to the environmental impact and safety of road transport. At the COP21 meeting in Paris last December, almost 200 nations agreed to reduce greenhouse gas emissions in an effort to keep the rise in global temperatures to 2°C) compared with pre-industrial levels. The transportation sector is a major contributor to the production of CO2, one of the main green
    Read More
  • Moscow pins hopes on V2X
    March 18, 2020
    A new transport strategy is aimed at creating conditions for the introduction of new ITS developments within Moscow – and 5G and V2X are on the agenda
    Read More

Highlighted Content