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Volvo, Autoliv to Partner on Autonomous Driving Tech
Volvo Car Corp. and Autoliv Inc. are forming a joint venture to develop software for self-driving vehicles.
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Volvo Car Corp. and Autoliv Inc. are forming a joint venture to develop software for self-driving vehicles.
Due to launch in early 2017, the new company will be based in Gothenburg, Sweden, with an initial staff of about 200 people taken from both parent companies. The partners expect the joint venture’s workforce to triple in coming years. Dennis Nobelius, who currently is the managing director of Volvo’s Switzerland operations, will head the yet-to-be-named company.
The venture will develop advanced driver assistance systems (ADAS) and autonomous drive systems for Volvo cars. Autloliv also will market the resulting technology to other carmakers, with any revenues from such sales to be shared with Volvo.
The partners will license and transfer the intellectual property for their own ADAS technologies to the joint venture. They aim to launch a next-generation ADAS system by the end of the decade, followed by autonomous drive systems in 2021.
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