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

  • Optibus believes in unicorns
    May 17, 2022
    Bus scheduling specialist says it's first tech firm in public transport to achieve $1bn valuation
    Read More
  • Cadillac future is V2X, says General Motors
    June 7, 2018
    One of the biggest automotive manufacturers on the planet has signalled its intention to embrace cutting-edge ITS technology across an iconic brand. General Motors is to introduce vehicle-to-everything (V2X) communications – while extending a semi-autonomous, hands-free driver assistance feature - in its Cadillac range. The company made the announcement in a keynote speech at ITS America’s annual meeting in Detroit. Mark Reuss, GM executive vice president (above), global product development, purchasing an
    Read More
  • Truck digitisation and tech developments in freight ‘will boost Europe’s CV telematics market’
    January 11, 2017
    According to research by Frost & Sullivan, growth opportunities are strengthening in the commercial vehicle (CV) telematics market in Europe with the imminent arrival of value-added services such as video-based safety solutions, mobile base on-demand freight exchange platforms, and field service management solutions. While penetration of fleet management services (FMS) in large and medium fleets is relatively high, addressing challenges such as awareness, adequate training, and better business cases are key
    Read More
  • Here Technologies shows off Traffic Suite
    June 6, 2018
    Here Technologies is using ITS America in Detroit to highlight how cities and transportation agencies around the world partner with the company to move people and goods more safely and efficiently. At the same time, Here maintains the tradition of providing high-quality map and location data to the automotive industry and companies across the private sector. It is at this intersection where Here Technologies has introduced the next generation of location services on display at the company’s booth. Here Tech
    Read More

Highlighted Content