Veoneer to divest Japan and China operations of Brake system joint venture

Stockholm, Sweden, October 30, 2019 – Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world’s largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has signed agreements (the “Definitive Agreements”) to sell its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd.Upon the completion of the transactions under the Definitive Agreements, the VNBS joint venture will be terminated. This is the next step in the