Volvo Cars and Autoliv have launched their joint venture, Zenuity, which will focus on the development of software for autonomous driving and driver assistance systems.
Zenuity will have an initial workforce of around 200 people sourced from both companies. The workforce is expected to grow to over 600 employees in the medium term. Operations are expected to start during the first half of 2017, with the first driver assistance products available for sale by 2019 and autonomous driving technologies following shortly thereafter.
Dennis Nobelius will serve as CEO of the joint venture and it will be governed by a separate board of directors, and independently operate within its own facilities.
January 5, 2017
