Volvo forms autonomous driving tech joint venture

New partnership with Autoliv formed as Volvo looks to the future…

Volvo forms autonomous driving tech joint venture

Volvo is pushing full steam ahead with ambitions to be at the forefront of autonomous vehicle technology in coming years.

The Swedish car company has today announced it has signed a new partnership agreement with Autoliv Inc., a leader in automotive safety systems.

The joint venture, to be known as Zenuity, will develop autonomous driving (AD) and advanced driver assistance systems (ADAS), and employee up to 600 people in the medium term.

Interestingly, Zenuity will also offer its technology innovations and products to other car manufacturers, according to the two companies.

The news comes just days after Volvo announced it would start adding Skype to some of its models this year, a move the car manufacturer described as being another step towards autonomous cars (check out those details here).

To be based in Sweden with facilities in Germany and the U.S., Volvo and Autoliv say this is the first time a premium car maker has joined forces with a supplier to develop new ADAS and AD technologies.

The statement says both Autoliv and Volvo Cars will license and transfer the intellectual property for their ADAS systems to the joint venture.

From this base, the company will develop new ADAS products and AD technologies.

The new company is expected to have its first driver assistance products available for sale by 2019 with autonomous driving technologies following shortly thereafter.

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