STOCKHOLM: A Chinese automotive group, Geely, has chosen Zenuity as its preferred supplier for assisted and self driving software.
Headquartered in the city of Hangzhou, south-east China, the firm with a strong global presence, Geely, picked Zenuity for the project that is described as a welcome boost in dealing with Geely’s range of car brands.
The car brands include Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus.
Gothenburg based Zenuity, a joint venture between Geely’s Volvo car marque and Swedish technology group Veoneer, 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.
Veoneer is described as the world’s largest pure-play company focused on Safety Electronics, Advanced Driving Assistance Systems (ADAS), Collaborative and Automated Driving (AD).
Technology advisor Erik Coelingh said Zenuity’s edge came from the fact that it had products for both ADAS and AD.
“Exactly when AD will come in large volume is relatively uncertain, but until cars drive themselves then you will have ADAS,” Coelingh said.
“So the fact that we have both really is a very good position to be in this uncertain market.”
Earlier this year, Sweden’s Veoneer said it was conducting a review and seeking new efficiency measures at Zenuity, as well as raising cash to shore up its working capital.
Zenuity, whose customers include Volvo and Geely Auto, employs more than 600 people and in January won an approval to begin hands-free testing of its software for self-driving Volvos on Swedish highways.