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

  • EastLink demonstrates hands-free driving through Melbourne freeway
    April 6, 2018
    EastLink has demonstrated hands-free driving capabilities on a section of its Melbourne freeway to help provide Victorian drivers with a better understanding of the technology. For the test, a Honda CR-V VTi-LX carried out automated speed plus steering control, using the adaptive cruise control and lane keep assist functions in an area of Eastlink closed to traffic. It was televised on 7 News Melbourne at 6.00pm on the 6 April 2018. The vehicle, according to Doug Spencer-Roy, EastLink’s corporate affair
    Read More
  • Promising growth for electric vehicle telematics market
    March 23, 2012
    According to a study by Pike Research of the market opportunity for telematics in plug-in electric vehicles (PEVs), the annual revenue from sales of EV telematics will reach US$1.4 billion by 2017. Pike Research says that for electric vehicles, telematics can deliver information on electric usage, pricing, and state of charge to owners as well as helping drivers to check on the battery, the charge rate and even assist them to find the nearest charging station. The technology is likely to play a crucial role
    Read More
  • Texas A&M offer free campus transport testing
    October 27, 2016
    Free evaluation and testing of transportation systems and products might seem too good to be true - but it isn’t. Colin Sowman reports. Texas A&M University is offering to host transport technology demonstrations and research projects free of charge at its Main and newly-renamed Rellis campuses. The initiative’s aim is to encourage those with technologies that could improve transportation to bring their products, systems and ideas to Texas A&M’s campus where they can be evaluated, tested and demonstrated.
    Read More
  • R&D on autonomous, connected and electric vehicles creates growth opportunities, says research
    September 18, 2017
    As the automotive industry faces narrowing margins, the need to look to other revenue streams and keep the customer committed to the brand for their next purchase is paramount, says Frost & Sullivan. Automotive manufacturers are therefore focusing on research and development (R&D) on autonomous, connected, and electrification (ACE) technologies to build fully connected and completely autonomous vehicles. To thrive in this highly competitive, evolving market, manufacturers need to look beyond seeing themselv
    Read More

Highlighted Content