Autoliv Enters LiDAR Commercialization Agreement with Velodyne

(Stockholm, Sweden, July 3, 2017) – – – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, have signed an agreement with Velodyne LiDAR, Inc., the leading supplier of LiDAR technology, to commercialize LiDAR, a critical sensor for autonomous cars. Velodyne will support Autoliv in the development of an automotive grade LiDAR. The first applications will be in the RoboTaxi segment.Pursuant to the agreement, Autoliv will develop and market a scalable auto-grade LiDAR sensor using Velodyne’s core 3D software technology and proprietary LiDAR ASIC