Autoliv, a global automotive safety systems provider based out of Sweden, is partnering with Volvo in a joint venture to make autonomous driving software. The two companies hope to make driving safer through the implementation of new self-driving features, eventually pushing towards a future where full autonomy is the norm.
Currently, the new company is looking to set up shop in Gothenburg, Sweden, employing 200 workers pulled from both Autoliv and Volvo. The unnamed joint venture plans on eventually expanding to 600 employees, with operations commencing sometime early next year.
By joining forces, Autoliv and Volvo hope to create advanced driver assistance systems (ADAS) and autonomous driving (AD) systems, both of which will be incorporated into various Volvo products. Autoliv also expects to sell the ADAS and AD products to other automakers, with revenues shared between the two companies.
“This new company is a recognition of the fact that autonomous driving is the next step to transform road safety,” said Jan Carlson, chairman, president and chief executive at Autoliv.
For now, the plan is to get the ADAS products up and running by 2019, while the AD systems will see a release in 2021.
“By combining our know how and resources we will create a world leader in AD software development,” said Hakan Samuelsson, president and chief executive at Volvo. “This means we can introduce this exciting technology to our customers faster.”
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