# Veoneer and Volvo Cars to split Zenuity joint venture

Veoneer and Volvo Cars have agreed in principle to split their 50/50 joint venture Zenuity. Veoneer will take over the ADAS software business, while Volvo Cars will set up a new company for unsupervised autonomous drive software.

- Type: Partnership
- Announced: 2020-04-02
- Where: Stockholm, Sweden, Sweden
- Status: announced
- Products: ADAS software, autonomous drive software
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Veoneer](https://endata.com/companies/40032.md)
- [Volvo Cars](https://endata.com/companies/21173.md) (partner)
- [Zenuity](https://endata.com/companies/24025.md) (target)

## Sources

- [veoneer.com](https://www.veoneer.com/en/press/veoneer-and-volvo-cars-split-joint-venture-pursue-separate-adas-and-autonomous-driving), 2020-04-02: "The split will allow Veoneer to more effectively drive our business strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.