STOCKHOLM - China’s 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.
Regulatory challenges and soaring development costs mean carmakers have delayed forecasts for the mass adoption of self-driving cars, putting pressure on suppliers such as Zenuity, which declined to comment on financial terms on Wednesday. “Our plan is clear, that we want to be one of those,” he told journalists. “We have a number of RFQs at this moment for ADAS and we’re discussing deeper relations when it comes to the AD part.”
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 cars without safety drivers on Californian roads.
It's long overdue
Watch out Sweden! They just want to steal your tech! 😱
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Source: Reuters - 🏆 2. / 97 Read more »