Automated Driving Archives - AiThority https://aithority.com/tag/automated-driving/ Artificial Intelligence | News | Insights | AiThority Mon, 08 Jan 2024 09:09:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://aithority.com/wp-content/uploads/2023/09/cropped-0-2951_aithority-logo-hd-png-download-removebg-preview-32x32.png Automated Driving Archives - AiThority https://aithority.com/tag/automated-driving/ 32 32 Tomtom and Mitsubishi Electric Collaborate to Advance Automated Driving https://aithority.com/technology/tomtom-and-mitsubishi-electric-collaborate-to-advance-automated-driving/ Mon, 08 Jan 2024 09:08:18 +0000 https://aithority.com/?p=556119 TomTom and Mitsubishi Electric collaborate to advance Automated Driving

TomTom’s High Definition Map combined with Mitsubishi Electric’s High-Definition Locator provides automakers with a high-precision, integrated solution for next-generation vehicles. TomTom (TOM2), the location technology specialist, and Mitsubishi Electric announced they are integrating technologies to develop new solutions and drive innovation in automated driving. Through this collaboration, TomTom’s High Definition (HD) Map will power Mitsubishi […]

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TomTom and Mitsubishi Electric collaborate to advance Automated Driving

TomTom’s High Definition Map combined with Mitsubishi Electric’s High-Definition Locator provides automakers with a high-precision, integrated solution for next-generation vehicles.

TomTom (TOM2), the location technology specialist, and Mitsubishi Electric announced they are integrating technologies to develop new solutions and drive innovation in automated driving.

Through this collaboration, TomTom’s High Definition (HD) Map will power Mitsubishi Electric’s High-Definition Locator hardware, providing the highly accurate data required for automated driving. Mitsubishi Electric’s High-Definition Locator is a highly precise GPS-based vehicle positioning system that utilizes quasi-zenith satellites (QZSS) to provide unmatched accuracy at all times. Combined with the high-definition mapping that TomTom’s HD Map provides, the system generates accurate information on the vehicle’s position and road data critical for automated driving applications such as advanced driver assistance systems (ADAS) applications.

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AIThority Predictions Series 2024 bannerTomTom leverages a multi-sourcing strategy for its HD Map, including data from GPS probes, front facing cameras, and vehicle sensors, to allow automated driving systems to anticipate the road ahead. Already being used in millions of vehicles on the road for Levels 1 to 2-Plus autonomous driving, TomTom’s HD Map technology is consistently updated, providing a highly detailed representation of the road and allowing self-driving vehicles to pinpoint the location of all road elements, including lane centerlines, traffic signs, and other objects, to make sense of their surroundings.

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“We’re exhilarated to work with TomTom, widely recognized as the leading provider of precise and reliable mapping data,” said Michael Horani, Director of Advanced Development, Mitsubishi Electric Automotive America, Inc. “Through this collaboration, we help accelerate innovation in automated driving and utilize industry-leading, up-to-date maps to improve the safety of autonomous vehicles.”

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“With drivers relying more heavily on their cars, the role and scope of digital maps must go beyond turn-by-turn navigation and be built specifically for self-driving vehicles,” said Paul Hesen, VP Product Management, TomTom. “TomTom HD Maps are designed for this purpose. Our highly detailed and accurate maps help vehicles plan a path and safely travel along any route, making all necessary adjustments, including changing lanes, taking exits and merging into highway traffic, enabling further developments for Level 2-Plus to Level 5 autonomous driving.”

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BASELABS Offers IP Acquisition of its Software for Automated Driving in ASIL D https://aithority.com/saas/baselabs-offers-ip-acquisition-of-its-software-for-automated-driving-in-asil-d/ Thu, 01 Jun 2023 17:25:01 +0000 https://aithority.com/?p=522776 BASELABS Offers IP Acquisition of its Software for Automated Driving in ASIL D

BASELABS, the specialist for sensor fusion, is now offering the acquisition of its complete software IP in the field of environment perception for automated driving in ASIL D. In contrast to the previous licensing model, buyers of the IP will be able to use the software without restrictions. The high maturity of the BASELABS technologies […]

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BASELABS Offers IP Acquisition of its Software for Automated Driving in ASIL D

BASELABS, the specialist for sensor fusion, is now offering the acquisition of its complete software IP in the field of environment perception for automated driving in ASIL D. In contrast to the previous licensing model, buyers of the IP will be able to use the software without restrictions. The high maturity of the BASELABS technologies enables their use in safety-critical applications for highly automated systems such as L4 vehicles and high-volume driver assistance applications (ADAS).

The BASELABS portfolio includes BASELABS Dynamic Grid, the latest low-level sensor fusion technology ready for series production, which is particularly suitable for high-resolution sensors and complex driving environments. Furthermore, BASELABS Create Embedded, a library optimized over many years for embedded use, can be acquired mainly for NCAP functions. Both products include a complete development and validation infrastructure and all process artifacts required for use in series production.

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“The outstanding customer feedback on our technologies over many years motivated us now to offer the model of ownership of our software IP requested by many market participants. Buyers of our software will receive safety-certified technologies for the vehicles of tomorrow and thus increase the safety of automated traffic worldwide,” says Robin Schubert, Managing Director of BASELABS.

BASELABS is executing on the vision of “safe automated driving for all vehicles.” The company provides software IP to enhance the performance of environment awareness and strengthens the strategic position of its customers in the race for the “software-defined vehicle.” BASELABS is a trustworthy partner for automotive manufacturers and suppliers worldwide. The company was founded in 2012 and is owned by Vector Informatik GmbH. Thus, it is strategically independent of any OEM, Tier 1, or sensor supplier in the market.

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Panasonic Connect and Yokohama City to Test World’s First Beyond-5G Network Demonstration Aimed at Automated-driving https://aithority.com/technology/panasonic-connect-and-yokohama-city-to-test-worlds-first-beyond-5g-network-demonstration-aimed-at-automated-driving/ Fri, 16 Dec 2022 12:59:30 +0000 https://aithority.com/?p=472689 Panasonic Connect and Yokohama City to Test World's First Beyond-5G Network Demonstration Aimed at Automated-driving

New solutions for energy inefficiency of 5G networks and degraded transmission quality of millimeter-wave wireless LANs in shielded environments Panasonic Connect Co., Ltd. and the City of Yokohama announced  their plan to demonstrate the world’s first Beyond 5G technologies1 for automated driving, developed by Panasonic Connect, with its sensing and wireless-quality-prediction technologies for switching from millimeter-wave […]

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Panasonic Connect and Yokohama City to Test World's First Beyond-5G Network Demonstration Aimed at Automated-driving

New solutions for energy inefficiency of 5G networks and degraded transmission quality of millimeter-wave wireless LANs in shielded environments

Panasonic Connect Co., Ltd. and the City of Yokohama announced  their plan to demonstrate the world’s first Beyond 5G technologies1 for automated driving, developed by Panasonic Connect, with its sensing and wireless-quality-prediction technologies for switching from millimeter-wave wireless LANs (60GHz) to a 5G network at optimum timing for uninterrupted service. The demonstration will take place in the Rinko Park area of Yokohama, including park pathways and the surrounding area, from December 19 to 23.

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The new system addresses the energy inefficiencies of 5G and other wireless communication networks by introducing millimeter-wave wireless LANs. Also, the problem of shielded (blocked) propagation paths degrading the transmission quality of millimeter-wave wireless LANs is solved by using sensing and wireless-quality-prediction technologies to identify potential degradation problems in advance.

Yokohama is working to help companies improve productivity, develop solutions for societal issues, and create new business models by using advanced technologies such as IoT and AI, including by supporting demonstration tests through its “I-TOP Yokohama”2 initiative. The demonstration of Panasonic Connect’s Beyond 5G technology has been organized under this initiative.

While 5G networks provide services that cover wide areas, they require large numbers of base stations due to the limited range of their radio waves, resulting in high energy consumption. In contrast, the millimeter-wave wireless LANs in the demonstration will use the 60GHz band, which requires relatively few wireless stations and thus encounters less chance of interference. Also, it can transmit gigabit-class throughput with high stability and energy efficiency due to its lower power consumption compared to 5G networks. However, the high linearity of millimeter waves leads to problems when propagation paths are blocked, so they have been used mainly for services in limited areas so far. The realization of millimeter-waves services for wide areas and mobility applications requires further technological development.

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System configuration

image:System configuration

In the demonstration, the incorporation of millimeter-wave wireless LANs in a 5G network is expected to increase the energy efficiency of the overall network by a factor of three or more. Furthermore, the experiment is expected to demonstrate that millimeter-wave wireless LANs can switch to a 5G network (using Wi-Fi as a substitute for the network in the test) at optimal timing. This will be achieved with Panasonic Connect’s proprietary wireless-quality-prediction and sensing technologies to identify shielded environments in advance for uninterrupted communication required to support automated driving3. An area in which the propagation path is shielded will be created with a large stationery vehicle, which the sensing technology is expected to predict in advance, triggering the system to switch from the millimeter-wave wireless LAN to the 5G network. This will be the world’s first demonstration of sensing technology to detect objects (using a 79GHz millimeter-wave radar in the test) and wireless-quality-prediction technology to predict shielded environments.

If it becomes possible to control the instantaneous transmission and reception of large amounts of data for applications such as real-time video sharing for remote monitoring of automated vehicles as well as self-driving robots, and also for high-precision dynamic maps, the power-consumption efficiency of wireless network systems for automated driving is expected to improve significantly. Through the demonstration, Panasonic Connect hopes to identify potential issues and then implement necessary improvements aimed at realizing accelerated commercial application.

Panasonic Connect, guided by its mission of “Change Work, Advance Society, Connect to Tomorrow,” is committed to contributing to the realization of a sustainable society and to ensure well-being for all.

Demonstration layout

image:Demonstration layout

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Arriver To Support Qualcomm Technology Collaboration With BMW With Vision Perception Software For Automated Driving https://aithority.com/robots/autonomous-vehicles/arriver-to-support-qualcomm-technology-collaboration-with-bmw-with-vision-perception-software-for-automated-driving/ Mon, 22 Nov 2021 11:15:19 +0000 https://aithority.com/?p=353533 Arriver To Support Qualcomm Technology Collaboration With BMW With Vision Perception Software For Automated Driving

Arriver, the ADAS and AD software unit of Veoneer, announces t that, via its existing Master Collaboration Agreement with Qualcomm Technologies, Inc., will provide Vision Perception software as part of Qualcomm Technologies’ announcement with BMW to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride™ Platform to BMW. Recommended AI […]

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Arriver To Support Qualcomm Technology Collaboration With BMW With Vision Perception Software For Automated Driving

Arriver, the ADAS and AD software unit of Veoneer, announces t that, via its existing Master Collaboration Agreement with Qualcomm Technologies, Inc., will provide Vision Perception software as part of Qualcomm Technologies’ announcement with BMW to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride™ Platform to BMW.

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Arriver’s vision perception software will be running on the Snapdragon Ride™ Platform, a product of Qualcomm Technologies. The start of production is slated for 2025. The collaboration contemplates, but is not limited to, the deployment of deep learning algorithms for vision perception with a full suite of vision functions.

“We are honored to have the opportunity to partner with Qualcomm Technologies land BMW for Arriver’s next generation vision software,” says Jan Carlson, Chairman, President and CEO, Veoneer. “This is a testament to the hard work and dedication of our teams.  We look forward to continuing collaboration with Qualcomm Technologies to enable automakers to bring more safety and convenience benefits to drivers.”

Snapdragon and Snapdragon Ride are trademarks or registered trademarks of Qualcomm Incorporated.
Snapdragon Ride is a product of Qualcomm Technologies, Inc. and/or subsidiaries.

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

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Arriver
Arriver, a software unit and brand which will be fully focused on further developing perception, fusion and drive policy software for the next generation cars. It builds on more than a decade of experience in Active Safety software development and will deliver an open, scalable and flexible architecture solution running on Qualcomm® Snapdragon Ride™ System on a Chip (SoC) platform. Arriver is a wholly owned unit within Veoneer (NYSE: VNE and SSE: VNE-SDB).

Safe Harbor Statement
This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

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Qualcomm and BMW Group to Extend Their Long-Lasting Technology Collaboration to Automated Driving https://aithority.com/computer-vision/qualcomm-and-bmw-group-to-extend-their-long-lasting-technology-collaboration-to-automated-driving/ Thu, 18 Nov 2021 11:57:00 +0000 https://aithority.com/?p=352644 Qualcomm and BMW Group to Extend Their Long-Lasting Technology Collaboration to Automated Driving

BMW Group Selects Vision Perception, Vision System-on-Chip and ADAS Central Compute System-on-Chip from Qualcomm Technologies’ Snapdragon Ride ADAS Platform for its Next Generation of ADAS and Autonomous Driving Systems Qualcomm Technologies, Inc. announced a collaboration to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride Platform, to BMW Group’s next […]

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Qualcomm and BMW Group to Extend Their Long-Lasting Technology Collaboration to Automated Driving

BMW Group Selects Vision Perception, Vision System-on-Chip and ADAS Central Compute System-on-Chip from Qualcomm Technologies’ Snapdragon Ride ADAS Platform for its Next Generation of ADAS and Autonomous Driving Systems

Qualcomm Technologies, Inc. announced a collaboration to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride Platform, to BMW Group’s next generation of advanced driver-assistance systems (ADAS) and automated driving (AD) platforms. Leveraging both companies’ expertise in core innovation, BMW Group and Qualcomm Technologies will extend their long-standing relationship to deliver safe, smart and sophisticated driving experiences to BMW Group vehicles. BMW’s next generation Automated Driving stack will be based on the Snapdragon Ride vision system-on-chip (SoC), vision perception and ADAS central compute SoC controllers managed by Qualcomm® Car-2-Cloud services platform.

PREDICTIONS-SERIES-2022

The BMW Group is an industry leader in driver assistance innovation for over two decades.  In its quest to continue expanding a broad portfolio of driver assistance systems, BMW Group will utilize Qualcomm Technologies to bring a full spectrum of ADAS/AD functions, including front, rear and surround view camera computer vision in a dedicated computer vision SoC, as well as a high-performance ADAS central compute controller, to host BMW’s drive policy and other planning and driving functions. 

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“BMW has chosen Qualcomm Technologies as our technology partner and systems solutions provider based on the company’s breadth and depth of portfolio, as well as proven expertise in compute, connectivity, computer vision, advanced semiconductors and driver assistance technologies,” said Nicolai Martin, SVP Driving Experience, BMW Group. “We look forward to working in direct relationship with Qualcomm Technologies to build our next-generation ADAS/AD platform, as well as to continue delivering world-class driving experiences to our customers.”

“Our announcement with BMW today is the onset of a new era in automotive where two technology leaders have come together to design and develop a key element of Snapdragon® Digital Chassis for the next generation automobile,” said Cristiano Amon, president and CEO of Qualcomm Incorporated. “We are very proud of this milestone and cannot wait to bring our jointly designed products on the road.”

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“Our goal has always been to offer automakers an open, comprehensive and transformative platform that encompasses semiconductor, software, stack, systems and services,” said Nakul Duggal, senior vice president & GM, automotive, Qualcomm Technologies, Inc.  “We are honored to be selected by the BMW Group to be its ADAS technology partner for computer vision stack, vision SoC and ADAS central compute controllers, and we look forward to joint development and deployment of these products.”

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NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles https://aithority.com/robots/autonomous-vehicles/nio-partners-with-nvidia-to-develop-a-new-generation-of-automated-driving-electric-vehicles/ https://aithority.com/robots/autonomous-vehicles/nio-partners-with-nvidia-to-develop-a-new-generation-of-automated-driving-electric-vehicles/#respond Mon, 11 Jan 2021 16:05:27 +0000 https://aithority.com/?p=204046 NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles

EV Models Featuring NIO Adam Supercomputer Powered by NVIDIA DRIVE Orin to Begin Production in 2022 NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced that the automaker has selected the NVIDIA DRIVE Orin™ system-on-a-chip (SoC) for its new generation of electric vehicles, which will offer advanced automated driving capabilities. NIO […]

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NIO Partners with NVIDIA to Develop a New Generation of Automated Driving Electric Vehicles
EV Models Featuring NIO Adam Supercomputer Powered by NVIDIA DRIVE Orin to Begin Production in 2022

NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced that the automaker has selected the NVIDIA DRIVE Orin™ system-on-a-chip (SoC) for its new generation of electric vehicles, which will offer advanced automated driving capabilities.

NIO is working to make consumer adoption of smart, performance-packed electric vehicles a widespread reality. At NIO Day, the company’s annual customer event, the EV maker revealed its NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the ET7 sedan that will ship in China starting in 2022.

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“Autonomy and electrification are the key forces transforming the automotive industry,” said Jensen Huang, NVIDIA founder and CEO. “We are delighted to partner with NIO, a leader in the new energy vehicle revolution—leveraging the power of AI to create the software-defined EV fleets of the future.”

“The cooperation of NIO and NVIDIA will accelerate the development of autonomous driving on smart vehicles. NIO’s in-house developed autonomous driving algorithms will be running on four industry-leading NVIDIA Orin processors, delivering an unprecedented 1000+ TOPS in production cars,” said William Li, Founder, Chairman and CEO of NIO.

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Adam signals a major achievement by NIO in bringing automotive intelligence and autonomous driving to market, safely and reliably. With a centralized, software-defined computing architecture, NIO’s next-generation EVs, like the ET7 sedan, will feature the latest AI-enabled capabilities, which are perpetually upgradable after the point of sale.

NVIDIA Orin is the world’s highest-performance AV and robotics processor. This scalable supercomputer-on-a-chip family delivers an unprecedented 254 trillions of operations per second (TOPS) while also being able to scale down to entry-level ADAS/Level 2 use cases (10 TOPS/5 watts). NIO will feature four high-performance Orin SoCs in each of its EVs to achieve an industry-leading performance of 1,000+ TOPS — delivering the redundancy and diversity necessary for safe autonomous operation.

As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range.

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Veoneer Supplies Advanced Driver Assistance Technology to Global Premium Automaker https://aithority.com/robots/automation/veoneer-supplies-advanced-driver-assistance-technology-to-global-premium-automaker/ Thu, 10 Sep 2020 14:49:27 +0000 https://aithority.com/?p=157691 Veoneer Supplies Advanced Driver Assistance Technology to Global Premium Automaker

The automotive technology company Veoneer, Inc., will equip a world-class premium automaker with the most advanced stereo vision camera system, perception software and 77 GHz front and rear radar system available in the market. These systems supply data to the vehicle’s driver assistance package which enable the most advanced active safety features. Veoneer’s 4th generation stereo […]

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Veoneer Supplies Advanced Driver Assistance Technology to Global Premium Automaker

The automotive technology company Veoneer, Inc., will equip a world-class premium automaker with the most advanced stereo vision camera system, perception software and 77 GHz front and rear radar system available in the market. These systems supply data to the vehicle’s driver assistance package which enable the most advanced active safety features.

Veoneer’s 4th generation stereo vision camera system is comprised of fully integrated hardware, perception software, and new features to master the challenges of highly automated driving. The camera, mounted behind the rear-view mirror, monitors the forward path of the vehicle to provide reliable and accurate information to the vehicle control system. The system processes and classifies 3D objects (vehicles, motorbikes, pedestrians, lanes, landmarks, signals, posts, etc.) under a variety of weather conditions.  Veoneer’s 4th generation stereo vision camera system uses Convolutional Neural Network technology for free space and small obstacle detection to maneuver safely through construction areas and within road boundaries.

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Veoneer’s latest generation of advanced 77GHz radars provide more reliable and accurate situational awareness of vulnerable road users, pedestrians and bicyclists as input to the vehicle safety system. The radar design uses super-pulse modulation techniques for enhanced perception and operates at  a distance up to 150-meters with high range resolution and supreme angular accuracy. The radars have 50% more range in the rear corners to detect motorcycles and over 100% more range in the front corners.

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“We are excited to see Veoneer’s most advanced stereo vision cameras, perception software and radars being used as critical building blocks in the debut of our customer’s most advanced vehicle program,”  says Jan Carlson, Veoneer Chairman, President and CEO.  “Our 4th generation stereo vision system is another proof point that Veoneer is at the forefront of providing safe, collaborative driving solutions.”

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Veoneer Appoints Mats Backman as Chief Financial Officer https://aithority.com/robots/autonomous-vehicles/veoneer-appoints-mats-backman-as-chief-financial-officer/ https://aithority.com/robots/autonomous-vehicles/veoneer-appoints-mats-backman-as-chief-financial-officer/#comments Wed, 09 Jan 2019 12:52:25 +0000 http://melted-cable.flywheelsites.com/?p=30650 Veoneer Appoints Mats Backman as Chief Financial Officer

Veoneer, Inc., the world’s largest pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), has appointed Mr. Mats Backman as Chief Financial Officer.  He joins from Autoliv where he has held a similar position since 2016. The plan is for Mats to join Veoneer after ensuring a smooth transition of his current responsibilities […]

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Veoneer Appoints Mats Backman as Chief Financial Officer

Veoneer, Inc., the world’s largest pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), has appointed Mr. Mats Backman as Chief Financial Officer.  He joins from Autoliv where he has held a similar position since 2016.

The plan is for Mats to join Veoneer after ensuring a smooth transition of his current responsibilities in Autoliv, at the latest in early July 2019. Mats will replace Mathias Hermansson who, as previously communicated, has decided to seek new opportunities outside the Company.

“I warmly welcome Mats to Veoneer. He is a proven leader with a strong track record and I look forward to working together with him to take Veoneer through the next growth phase”, said Jan Carlson, Chairman, President & CEO, Veoneer.

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“I look forward to joining Veoneer. The Company is very well positioned in the growth area of automotive technology. The timing for this transition is good, I get to participate to the next part of the build-up of Veoneer and Autoliv is in a stable situation with a strong finance team”, said Mats Backman.

This report is information that Veoneer, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the EVP Communications and IR set out above, at 15:00 CET on Tuesday January 8, 2019.

Veoneer designs and manufactures products and solutions for active safety, autonomous driving, occupant protection and brake control. Our purpose is to create trust in mobility. Veoneer is a new technology company that is building on a heritage of more than 60 years of automotive safety development. Veoneer and its joint-ventures has 8,300 employees in 13 countries. Headquartered in Stockholm, Sweden, Veoneer is listed on the New York Stock Exchange and on Nasdaq Stockholm.

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Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

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