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Zenuity, a joint venture of Volvo and Veoneer, will be split down the middle to, as Volvo puts it, accelerate autonomous technology development.
The split will divide Zenuity into two parts, the first focusing on “unsupervised autonomous drive software” and will be owned by Volvo. The second portion will be owned by Veoneer and will focus on the development of driver assistance systems.
The split doesn’t mean a divorce, though, since the technology that Veoneer develops will used in the next generation of Volvo Cars based on the SPA2 platform.
Volvo says it believes the split will allow it to narrow its focus on autonomous technology and the safe introduction thereof.
“Volvo Cars is committed to introduce safe, unsupervised autonomous drive on highways with its next generation of cars,” said Håkan Samuelsson, chief executive at Volvo Cars, in a statement. “Allowing the new company to fully focus on this development will help us deliver on those ambitions.”