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

Related Content

  • March 3, 2020
    Cognitive boss on AV safety: ‘It’s about human life, not just big money’
    Olga Uskova, founder and president of Russia-based Cognitive Technologies, puts herself in the hotseat with ITS International to answer questions about advanced driver assistance systems (ADAS), dominating the global market – and, of course, The Beatles…
    Read More
  • October 15, 2014
    Fleet management systems to reach 7.1 million in Europe by 2018
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 3.65 million in quarter 4 2013. Growing at a compound annual growth rate (CAGR) of 14.2 per cent, this number is expected to reach 7.10 million by 2018. A group of international aftermarket solution providers has emerged as leaders in the European fleet management market. Masternaut reported an active installed base of close to 350,000 units
    Read More
  • February 27, 2018
    Qualcomm and automotive companies to drive C-V2X commercialisation
    Qualcomm Technologies (QCOM) is working with an ecosystem of carmakers and automotive suppliers to accelerate the commercial introduction of Cellular Vehicle-to-Everything (C-V2X) technology using its 9150 C-V2X chipset solution. The participants are seeking to utilise the device for next-generation vehicles and roadside infrastructure, staring in 2019. 9150 C-V2X is said to feature improved direct communication range, reliability and latency when faced with congested roadways. It is planned to be
    Read More
  • January 11, 2013
    In-vehicle vision-based systems and autonomous vehicles
    The Artificial Vision and Intelligent Systems Laboratory (VisLab) of Italy’s Parma University has built itself a fine pedigree in basic and applied research which has developed machine vision algorithms and intelligent systems for the automotive field. In 1998, a VisLab-equipped Lancia Thema named ‘Argo’ travelled along the famous Mille Miglia race route and completed 98 per cent of it autonomously using then-current technology. In 2005, VisLab provided the vision element of the Terramax, a collaborative un
    Read More

Highlighted Content