Volvo to license its self-driving car tech

Until now, most automakers have been keeping their internally developed autonomous vehicle technology close to the vest, but this venture will see Volvo’s self-driving tech made available to other carmakers, with revenue shared between Volvo and Autoliv.

Both Volvo and Autoliv will transfer their autonomous vehicle intellectual property to the new joint venture, with Autoliv acting as the exclusive supplier of any developed technology to outside companies (Volvo will purchase directly from the joint venture).

Via The Verge

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