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

  • Road safety market driven by rising road fatality rate
    January 11, 2016
    The road safety market size is expected to grow from US$2.35 billion in 2015 to US$3.63 billion by 2020, at a compound annual growth rate (CAGR) of 9.1 per cent, according to the latest report from online market research company ReportsnReports. Major factors contributing to this growth are increasing road accident/fatality rates and growing government regulations and standards for road safety across the globe. The red light enforcement solution is estimated to contribute the largest market share during
    Read More
  • Consumers ‘showing less interest in autonomous driving systems’
    September 16, 2016
    After reaching an all-time high in 2015, consumer interest in autonomous driving systems has fallen in 2016, reflecting hesitance about the reliance of self-driving technology, according to a recent survey from the In-Vehicle UX (IVX) group at Strategy Analytics.
    Read More
  • Grant to fund commercialisation of PbC batteries for micro-hybrid vehicles
    May 25, 2012
    Axion Power International, the developer of advanced lead-¬carbon PbC batteries and energy storage systems, has been awarded a US$150,000 grant from the US Department of Energy (DoE) to fund a commercialisation plan for the use of its PbC batteries in a low-cost, high-efficiency dual battery architecture for micro-hybrid vehicles.
    Read More
  • First Graphene launches platform for growing international construction and other industry audience
    August 9, 2019
    First Graphene, the leading supplier of high-performing, bulk graphene products for the construction and other industries, has launched a new platform to support its growing base of international customers and stakeholders. The new website, www.firstgraphene.net, is an opportunity for visitors to develop a deeper understanding of the potential of graphene and its applications, which include graphene-reinforced concrete used in building projects, and as a fire retardant in commercial and residential prope
    Read More

Highlighted Content