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Global leader in automotive safety electronics systems expands in Sweden

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Veoneer expands its operations in Sweden’s automotive cluster – new factory building for safety components set to open in 2020.

Veoneer, the world’s largest pure-play company focused on Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD), is investing in a new 12,500 sqm manufacturing plant in Vårgårda Municipality, some 60 km from Gothenburg.

The facility, which is currently under construction, will double the size of Veoneer’s production floor space in Västra Götaland County. The company’s aim is to meet rapidly growing demand for components in active safety including radar systems and cameras.

“We are currently experiencing the biggest transformation in the history of the automotive industry. Driver assistance, autonomous cars, new mobility solutions and the electrification of transport will all require new approaches to safety,” says Daniel Åhlström, Managing Director, Veoneer Sweden.

“The extended plant in Vårgårda will help us meet the demands of these mobility trends in terms of safety solutions and provide hardware and software for Safety Electronics, Advanced Driver Assistance Systems (ADAS) and Collaborative and Automated Driving,” he explains.

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Driver assistance and AI: the next frontier

Veoneer started its operations in 2018 as a spin-off from the automotive safety giant Autoliv. Since then, the company has been a trailblazer in AI-based safety systems as well as radar, LiDAR and other monitoring and sensing technologies in the field of automotive safety electronics.

The Veoneer range of Vision Systems is a good example. It became the first AI-based solution of its kind for vehicle safety and will give drivers in equipped vehicles worldwide an additional pair of eyes – using cameras, algorithms and deep learning to scan the environment for potential hazards.

AI-based technologies, Åhlström points out, will be instrumental in the journey toward fully autonomous driving. “In 2030, it is predicted that a vast majority of all cars sold will include advanced driving assistance systems. We are already seeing progress in the use of deep learning technologies for forward-facing camera systems.”

Fertile ground

Veoneer has no fewer than 10 manufacturing sites and 26 technical centers in 13 countries and a lot of the company’s focus is currently on Sweden’s west coast.

The choice of expanding the existing site in Västra Götaland is no coincidence. The region is home to 98% of Sweden’s passenger car industry – employing more than 40,000 highly skilled employees.

Moreover, it is a vibrant breeding ground for innovations spearheaded by frontrunners such as Volvo Cars and Veoneer, who regularly collaborate in joint development projects with researchers, start-ups and entrepreneurs through Mobility Xlab. This growth hub was set up by six Swedish companies – all global brands within mobility and connectivity – to offer young companies with pioneering ideas the opportunity to accelerate. 

When the collaboration platform AI Innovation of Sweden was unveiled in January 2019, Veoneer was one of its founding partners.

“We are very excited to move forward with this investment and will be recruiting operators as well as engineers in automation, programming, logistics and testing.”

“Our vision is to build trust in mobility. Sweden offers excellent conditions and talent which enables us to take a leading role in the new ecosystem for automotive suppliers, which is now evolving fast,” Åhlström concludes.  

Veoneer is a leading manufacturer and provider of software, hardware and systems for active safety, autonomous driving and brake control. A spin-off from Autoliv, the company has 8,600 employees in 13 countries. In Sweden, Veoneer has operations in Vårgårda, Gothenburg, Linköping, Skellefteå and Stockholm.