Autoliv Partners with Velodyne on LiDAR for Self-Driving Cars
【Summary】Autoliv, Inc. (NYSE: ALV), a worldwide leader in automotive safety systems, has signed an agreement with Velodyne LiDAR, Inc., the leading supplier of LiDAR technology, to commercialize LiDAR, a critical sensor for autonomous cars.
(NYSE: ALV), a worldwide leader in automotive safety systems, has signed an agreement with Velodyne LiDAR, Inc., the leading supplier of LiDAR technology, to commercialize LiDAR, a critical sensor for autonomous cars. Autoliv will join Velodyne's Tier-1 Program and will develop and manufacture an automotive grade LiDAR product using Velodyne's core 3D software technology and proprietary LiDAR ASIC engine.
Working together, Velodyne and Autoliv will fulfill high-volume automotive LiDAR sensor contracts around the world, delivering the critical enabling technology for vehicles targeting to provide fully autonomous operation as well as the highest level of system safety.
Autoliv is a Fortune 500 company and the world's largest automotive safety supplier with sales to all the leading car manufacturers in the world. The company develops, manufactures, and markets protective systems such as airbags, seatbelts, steering wheels, passive safety electronics and active safety systems including brake control systems, radar, night vision and camera vision systems.
Scalable LiDAR Systems
Pursuant to the agreement, Autoliv will develop and market a scalable auto-grade LiDAR sensor using Velodyne's core 3D software technology and proprietary LiDAR ASIC engine coupled with Autoliv's component development and verification capability.
Both companies will contribute key components, technologies, and other intellectual property needed to optimize a next generation of affordable, high performance LiDARs for the automotive market. Autoliv will also serve as the primary commercial and technical interface to customers for awarded business.
"LiDAR is an important sensor for cars to drive safely by themselves. Autoliv's vast experience in automotive design and testing and high volume manufacturing capability coupled with Velodyne's leadership position in LiDAR technology, will fast-track the commercialization of LiDAR for traditional automotive customers and mobility providers", says Johan Löfvenholm, President, Auoliv Electronics. "Autoliv's commitment to quality, robustness, and user experience will create the trust needed to emerge as a winner in the transforming automotive industry," he continued.
Originally from New Jersey, Eric is a automotive & technology reporter covering the high-tech industry in Silicon Valley. Eric has over 15 years of automotive experience and a bachelors degree in computer science. These skills, combined with technical writing and news reporting, allows him to fully understand and identify new and innovative technologies in the auto industry and beyond. He has worked at Uber on self-driving cars and as a technical writer, helping people to understand and work with technology. Outside of work, Eric likes to travel to new places, play guitar, and explore the outdoors.
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