Volvo Car Group has teamed up with Autoliv Inc. to develop autonomous driving software and compete in the new and emerging automotive market.
The joint venture, which will be headquartered in Gothenburg, Sweden, will develop advanced driver assistance systems (ADAS) and autonomous drive (AD) systems for use in Volvo Cars, according to announcements by both Sweden-based companies. Autoliv is described as the worldwide leader in automotive safety systems in the Volvo press release.
The new company is yet to be named. It will start with a workforce of 200 employees coming from both companies, which could increase to 600 after the new joint venture company gets underway.
Along with placement in Volvo cars, Autoliv will be selling the systems to automakers globally, with revenues shared by both companies, according to their company announcements. The companies expect their first ADAS products will roll out in 2019, and that the AD technology will be ready by 2021.
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“By combining our know-how and resources we will create a world leader in AD software development. This means we can introduce this exciting technology to our customers faster,” Volvo Cars Chief Executive Hakan Samuelsson said.
The collaboration with Autoliv is Volvo Car’s latest move to establish its leadership presence in the race for autonomous vehicles. In August, an alliance was announced between Volvo and ridesharing giant Uber.
Uber will outfit 100 Volvo XC90 plug-in hybrids by the end of the year with autonomous driving technology it has developed in house. These will be tested as part of Uber’s autonomous vehicle testing project in Pittsburgh.