Connect with us

Hi, what are you looking for?

CleanTechnica

Autonomous Vehicles

Volvo + Autoliv Autonomous Car Project Goes Live

Volvo has big plans for 2019. In addition to building its first all-electric models in a new, Chinese factory, the Swedish car brand plans to launch its first round of “fully” autonomous cars in cooperation with Autoliv.

Originally published on Gas2.

Volvo has big plans for 2019. In addition to building its first all-electric models in a new, Chinese factory, the Swedish car brand plans to launch its first round of “fully” autonomous cars in cooperation with Autoliv.

The project is called Zenuity. Originally announced back in September, Zenuity officially began operations this week with a budget of more than 1.1 billion Swedish Krona. That’s almost $125 million to you and me, kids — and that’s real money, with almost all of it coming from Autoliv. Volvo, for its part, will put in more value and contribute intellectual property, know-how, and personnel into the joint venture.

You can check out the companies’ official joint press release, below, and let us know what you think of Zenuity’s chances for succeeding in the autonomous car market of the future in the comments section at the bottom of the page.

Volvo + Autoliv Project Zenuity Goes Live


Zenuity, the joint venture between Volvo Cars and Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), began operations this week. Zenuity is a new entrant in the growing global market for autonomous driving software systems. It marks the first time a premium car maker has joined forces with a tier one supplier to develop leading advanced driver assist systems (ADAS) and autonomous driving (AD) technologies.

“Volvo Cars combined its know-how with Autoliv’s to create a world leader in autonomous driving safety systems. With Zenuity starting operations we move a step closer to delivering this exciting technology,” said Håkan Samuelsson, President and Chief Executive Officer of Volvo Cars.

“Zenuity will enable us to deliver world leading, robust solutions for autonomous driving. The combined experience of Autoliv, the worldwide leader in automotive safety systems, and Volvo Cars, the premium car maker, will ensure solutions that meet the needs of car occupants in real life road conditions”, said Jan Carlson, Chairman, President & CEO of Autoliv.

Håkan Samuelsson and Jan Carlson


“In the last nine months we have worked hard to get Zenuity started and I am very pleased that we are now ready to start operations. The initial interest from automakers in Zenuity is very encouraging and we look forward to being a leader in the development of the next generation of safer and more automated cars,” said Dennis Nobelius, CEO of Zenuity.

At today’s closing, Autoliv will make a total investment of around 1.1 billion SEK into the joint venture, the large majority of which is an initial cash contribution, but it also includes intellectual property, know-how and personnel. At the same time Volvo Cars will contribute intellectual property, know-how and personnel into the joint venture. As previously announced, Volvo Cars and Autoliv own the joint venture 50/50. The formation of the joint venture was first announced in September 2016.

Source | Images: Volvo Cars.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

I've been involved in motorsports and tuning since 1997, and have been a part of the Important Media Network since 2008. You can find me here, working on my Volvo fansite, riding a motorcycle around Chicago, or chasing my kids around Oak Park.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Cars

The Dutch plugin vehicle (PEV) market dropped 4% in March, to 4,834 plugin registrations, but that result wasn’t all that bad considering that the...

Cars

Polestar is a bit different than most car companies. By that I mean that its particular brand of progressivism and sustainability seems to come...

Cars

Electric Car Life With Home Charging Is Ridiculously Easy

Batteries

DeepGreen has written an open letter to various brands, such as BMW, Google, Samsung SDI, and Volvo. Before I dive in and share the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.