Under the agreement, Volvo will set up a new stand-alone company to take over Zenuity’s current development and commercialization of unsupervised autonomous drive software.
Veoneer will integrate and operate the current Zenuity business focused on development and commercialization of advanced driver assistance system (ADAS) software.
“The intent is for each party to pursue what’s the most critical core competence for them,” Veoneer Chief Technology Officer Nishant Batra told Automotive News Europe. “Volvo wants to be a leader in autonomous driving and our intent is to more effectively pursue what we call advanced ADAS in the collaborative driving space.”
Batra said that because Veoneer serves all automakers it made sense for it to take the part of Zenuity that works on ADAS because there is a much large market for driver…