China's Geely has chosen Zenuity, a joint venture between its Volvo car mar...
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Geely selects Swedish software firm as driverless car supplierChina's Geely has picked Zenuity, a joint venture between its Volvo car mar...
Read more »
Apple explores moving 15-30% of production capacity from China: NikkeiApple Inc has asked its major suppliers to assess the cost implications of movin...
Read more »
India to overtake China as the world's most populous country: UNIndia is set to overtake China as the world's most populous country in less than a decade, according to a new United Nations report.
Read more »
US likely to impose more tariffs on China if new trade deal isn't reachedU.S. Trade Representative Robert Lighthizer says the U.S. is ready to place more tariffs on China if a new trade deal isn't reached.
Read more »
Tariffs hurt the economy, but China must be held accountable, Union Pacific CEO saysUnion Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.
Read more »
UnionPay is pursuing Italy as part of its plans to diversify outside of ChinaChinese state-affiliated card network UnionPay is partnering with Italian acquirer Nexi to boost its acceptance network in Italy:
Read more »