Photo: Volvo
Autoliv and Volvo, two Swedish companies that focus on safety, have signed a non-binding memorandum of understanding regarding a partnership in the field of self-driving vehicles.
The collaboration between the automaker and the worldwide leader in automotive safety systems seems so natural that we are surprised it has not happened before today. Truth be told, it has not happened yet, as the details of the deal must still be agreed, and placed into a contract.
However, this press release (see it below, if you wish) seems to say that it is about to happen. It says that Volvo and Autoliv will start a joint-venture company, which will be headquartered in Gothenburg, Sweden.
Both companies will help provide the initial workforce, and then it will be increased organically through new hires, but this would happen in the long run.
The joint-venture of Volvo and Autoliv will begin operations in early 2017. Its goal is to provide the global market with its autonomous driving software, which will be used by the automaker and other partners.
Selling the new ADAS (Advanced Driver Assistance Systems) and AD (Autonomous Drive) systems will be done exclusively by Autoliv, but both companies will share the revenues obtained from the deals.
The new joint venture will receive intellectual property from both Volvo and Autoliv, so that it has access to Advanced Driver Assistance Systems from day one.
Engineers will then develop new driver aids, as well as a fully autonomous drive system. Acknowledging their partnership, these systems will first launch on Volvo cars, but other automakers will be able to buy the technology from Autoliv.
At the moment of announcement, the two partner have signed a non-binding letter of intent, which will lead to more negotiations between Volvo and Autoliv.
From there, the parties will have to reach a final agreement, but the press release related to the matter specified that there is no guarantee that the formation of this joint venture will take place just because of the non-binding letter of intent.
However, this press release (see it below, if you wish) seems to say that it is about to happen. It says that Volvo and Autoliv will start a joint-venture company, which will be headquartered in Gothenburg, Sweden.
Both companies will help provide the initial workforce, and then it will be increased organically through new hires, but this would happen in the long run.
The joint-venture of Volvo and Autoliv will begin operations in early 2017. Its goal is to provide the global market with its autonomous driving software, which will be used by the automaker and other partners.
Selling the new ADAS (Advanced Driver Assistance Systems) and AD (Autonomous Drive) systems will be done exclusively by Autoliv, but both companies will share the revenues obtained from the deals.
The new joint venture will receive intellectual property from both Volvo and Autoliv, so that it has access to Advanced Driver Assistance Systems from day one.
Engineers will then develop new driver aids, as well as a fully autonomous drive system. Acknowledging their partnership, these systems will first launch on Volvo cars, but other automakers will be able to buy the technology from Autoliv.
At the moment of announcement, the two partner have signed a non-binding letter of intent, which will lead to more negotiations between Volvo and Autoliv.
From there, the parties will have to reach a final agreement, but the press release related to the matter specified that there is no guarantee that the formation of this joint venture will take place just because of the non-binding letter of intent.
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