Volvo will sell its self-driving car tech to other automakers
【Summary】Volvo is forming a joint venture with Swedish automotive safety supplier Autoliv to develop autonomous driving software and sell it to other automakers.
Volvo is forming a joint venture with Swedish automotive safety supplier Autoliv to develop autonomous driving software and sell it to other automakers. It's the first time an automaker has partnered with a "tier-one" supplier to develop self-driving technology.
The deal will see Volvo and Autoliv move their autonomous vehicle software development and intellectual property to the joint venture, which will start with an initial headcount of 200 employees (split between the existing staffs of both companies) and will grow to more than 600. The new company will be headquartered in Volvo's hometown of Gothenburg, Sweden.
THE NEW COMPANY WILL SELL AUTONOMOUS TECHNOLOGY TO OTHER AUTOMAKERS
Until now, most automakers have been keeping their internally developed autonomous vehicle technology close to the vest, but this venture will see Volvo's self-driving tech made available to other carmakers, with revenue shared between Volvo and Autoliv.
Both Volvo and Autoliv will transfer their autonomous vehicle intellectual property to the new joint venture, with Autoliv acting as the exclusive supplier of any developed technology to outside companies (Volvo will purchase directly from the joint venture).
Volvo has a history of developing safety innovations that it then provides to other automakers. It could be that the company considers autonomous driving a similarly crucial safety feature and is willing to give up any competitive advantage it might have keeping the technology to itself. Of course, unlike Volvo inventions such as the three-point seatbelt harness, this autonomous tech won't be available free of charge.
resource from: The verge
Waze launches Bluetooth beacons to avoid tunnel blackouts
What is the maximum electric-car price for mass-market success? Poll results
InfluxData closes $16 million Series B led by Battery Ventures to organize IOT data
Google's vision of a driverless future just got a big boost from the government
Self-Driving Car Guidelines Call for Information Sharing
Set Self-Driving Cars Free
2017 Chevrolet Bolt EV Chevy Bolt EV not on shared architecture, but platform name secret, GM says
Renault is reportedly about to unveil a new all-electric Zoe with ~200 miles of range
- Uber to Offer Helicopter Rides Between New York City & JFK Airport
- Tesla Says Battery Module to Blame For Car Fire in Shanghai
- EV Startup NIO Begins Deliveries of its ES6 Crossover
- Mercedes-Benz’s Experimental Safety Vehicle Is More Than Just Another Autonomous Concept
- Walmart Partners With Gatik for Autonomous Grocery Vans
- Electric Bus Maker Proterra Hires Banks to Prepare for IPO
- Continental Develops a ‘Road AND Driver’ Camera System for Autonomous Vehicles
- Lidar Maker Velodyne Wins Patent Challenge From Rival Quanergy
- World Economic Forum Executive Believes Autonomous Vehicles Face Two Challenges
- Ford to Upgrade Chicago Plant to Produce SUVs, Hiring 450 Workers