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

  • UK to lead the way in testing driverless cars
    July 20, 2015
    The UK government has launched a US$30 million competitive fund for collaborative research and development into driverless vehicles, along with a code of practice for testing. The measures, announced by Business Secretary Sajid Javid and Transport Minister Andrew Jones, will put the UK at the forefront of the intelligent mobility market, expected to be worth US£1.4 trillion by 2025. The government wants bidders to put forward proposals in areas such as safety, reliability, how vehicles can communicat
    Read More
  • NXP and Changan Automobile to cooperate on connected cars
    September 8, 2017
    Dutch connectivity solutions provider NXP Semiconductors has partnered with China-based connected car manufacturer Changan Automobile to develop solutions for infotainment and connected vehicle technologies. The long-term agreement has two phases; the first phase is focused on excellence in infotainment, products, solutions and the development of industry standards for future vehicle semiconductors. In the second phase, Changan will apply NXP’s vehicle-to-X (V2X) communication, near field communication (
    Read More
  • NXP and Changan Automobile to cooperate on connected cars
    September 8, 2017
    Dutch connectivity solutions provider NXP Semiconductors has partnered with China-based connected car manufacturer Changan Automobile to develop solutions for infotainment and connected vehicle technologies. The long-term agreement has two phases; the first phase is focused on excellence in infotainment, products, solutions and the development of industry standards for future vehicle semiconductors. In the second phase, Changan will apply NXP’s vehicle-to-X (V2X) communication, near field communication (
    Read More
  • New markets for travel information apps
    November 26, 2013
    Purpose-designed travel information apps are emerging to support the real estate market in the US – and potentially more widely – in a major diversification away from the conventional automotive and navigation device sectors. In July 2013, Washington State-based Imprev, which develops web-based marketing support aids for realtors, announced its App Generator. Claimed as an industry first, this enables property businesses to create their own branded mobile apps to give away as marketing tools to potential
    Read More

Highlighted Content