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Geely picks Swedish software developer to supply self-driving tech
2019-05-30 12:57:52
Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self-driving software. Geely's deal, encompassing entities including Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & CO and British sports car maker Lotus, provides a welcome boost for Zenuity. Regulatory challenges and soaring development costs mean carmakers have delayed forecasts for the mass adoption of self-driving vehicles, putting pressure on suppliers such as Zenuity, which declined to comment Wednesday on financial terms of the deal with Geely. Veoneer said in April it was carrying out a review of Zenuity, which focuses on developing software for assisted driving features such as lane keeping and autonomous driving, and seeking efficiencies from the venture. Veoneer CEO Dennis Nobelius said the Geely deal was a significant win as only three to five first-generation self-driving software platforms would survive through the next decade, compared with the more than 40 CB Insights estimates exist now. "Our plan is clear, that we want to be one of those," he told journalists. "We have a number of RFQs (requests for quotation) at this moment" for advanced driver assistance systems. Nobelius said a German vehicle manufacturer would produce models with Zenuity advanced driver assistance systems features in the coming weeks. Zenuity's entire advanced driver assistance systems software stack along with parent Veoneer's sensors were showcased to customers and experts at an event Wednesday in Detroit. Zenuity, headquartered in Gothenburg, was formed in 2017 by Volvo, which Geely bought from Ford in 2010, and former Veoneer parent Autoliv, which put 1.1 billion Swedish crown ($115 million) in the venture. It is competing with larger rivals in self-driving technology, where U.S. companies are leading the way, with Google's Waymo last year winning the first approval to test vehicles without safety drivers on roads in California.
Miss.Dong Lu

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