STOCKHOLM, Sept. 14, 2017 /PRNewswire/ --
Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader
in automotive safety systems, has been selected by Geely to develop
an industry leading 77GHz high-resolution radar systems for
autonomous driving.
Geely, a leading Chinese car manufacturer, awarded Autoliv a
77GHz high-resolution radar contract for its commitment and unique
strength in technology development, innovation and manufacturing of
high quality products. Earlier this year, Geely awarded Autoliv a
mono-vision camera system contract. Radar and vision systems are
essential to the advancement of autonomous driving.
Autoliv's high-resolution radars allow for increased detection
points, leading to improved ability to understand free space,
better object separation in multiple target environments, and more
precise detections in blind spot warning and rear cross traffic
alert. Autoliv's 77GHz radar systems see oncoming vehicles and
autonomously manage lane changes during highway driving.
Autoliv's mono-vision systems are comprised of advanced
image-processing algorithms that identify objects such as vehicles,
road markings and road signs. Autoliv's mono-vision cameras can
detect children and bicyclists, enable the vehicle to brake
automatically and classify objects in the front and rear of the
vehicle. Autoliv's mono-vision systems achieve 5-Star NCAP safety
in North America, Europe and China.
"Autoliv and Geely believe in safety, sustainability and staying
at the forefront of technology,"says Johan Löfvenholm, President,
Autoliv Electronics. "Winning this business with Geely puts Autoliv
on the map for supplying vision and radar systems in North America, Europe and now China, driving our vision of saving more lives
globally."
About Autoliv
Autoliv, Inc. is the worldwide leader in automotive safety
systems, and through its subsidiaries develops and manufactures
automotive safety systems for all major automotive manufacturers in
the world. Together with its joint ventures, Autoliv has more than
80 facilities with 70,000 employees in 27 countries. In addition,
the Company has 22 technical centers in ten countries around the
world, with 19 test tracks, more than any other automotive safety
supplier. Sales in 2016 amounted to about US $10.1 billion. The Company's shares are listed on
the New York Stock Exchange (NYSE: ALV) and its Swedish Depository
Receipts on Nasdaq Stockholm (ALIV sdb). For more information about
Autoliv, please visit our company website at
www.autoliv.com.
Safe Harbor Statement
This report 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 Autoliv, 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 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. 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 such statements in
light of new information or future events, except as required by
law.
Inquiries:
Thomas Jönsson
Vice President Corporate Communications
Tel: +46-8-587-206-27
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/autoliv/r/autoliv-to-supply-geely-radar-systems-for-autonomous-driving,c2346332
The following files are available for download:
http://mb.cision.com/Main/751/2346332/722410.pdf
|
PDF
|
http://news.cision.com/autoliv/i/alv-cars-ot-track,c2220787
|
ALV Cars ot
Track
|