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

  • Overture Maps releases its transportation dataset
    December 20, 2024
    Open-map dataset includes 86 million kilometres of roads worldwide
    Read More
  • Priority boosts ridership and cuts congestion
    May 4, 2016
    Transit priority is proving a win-win in Europe and Australia. David Crawford reports. Technology that integrates with the Australian-originated Sydney Coordinated Adaptive Traffic System (SCATS) is driving bus signal priority and performance analysis initiatives on both sides of the world; in its homeland, with a major deployment in 2015, and in the capital of the Republic of Ireland.
    Read More
  • Volvo launches ElectriCity bus project in Sweden
    June 18, 2013
    Buses that glide noiselessly without emissions, that pick up passengers indoors and which are powered by a renewable source of electricity – this will become a reality in 2015, if a new initiative in the Swedish city of Gothenburg is successful. Behind the initiative, known as ElectriCity, is the Volvo Group, in cooperation with the Swedish Energy Agency, the City of Gothenburg, Västtrafik, Lindholmen Science Park and Johanneberg Science Park. The aim is to make buses powered entirely by electricity from r
    Read More
  • New approach to real time travel information - free of charge
    February 3, 2012
    Austria's national road operator, ASFINAG, has launched the TMCplus traveller information service which is unusual in that it offers encrypted-level services to all users free of charge. Martin Müllner writes
    Read More

Highlighted Content