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Top Safety Pick+ to Volvo XC40 Recharge with Veoneer technologies

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Veoneer, a leader in automotive technology, announced that the Volvo XC40 Recharge, equipped with its advanced safety technology, received the 2021 Top Safety Pick+ award from IIHS. The recognition highlights Veoneer's cutting-edge safety features, including a 4th generation mono vision system, 77GHz front radar, and sophisticated ADAS software, which enhance crash avoidance capabilities. This accolade affirms Veoneer's role as a significant supplier in the automotive safety sector, showcasing its commitment to innovation and safety.

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  • Volvo XC40 Recharge awarded 2021 Top Safety Pick+ by IIHS, highlighting the effectiveness of Veoneer's technology.
  • Advanced safety technologies include a 4th generation mono vision system and 77GHz front radar.
  • Demonstrates Veoneer's commitment to automotive safety, potentially boosting brand reputation and sales.
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STOCKHOLM, May 20, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), is proud active safety supplier to Volvo XC40 Recharge, appointed 2021 Top Safety Pick+ by IIHS.

IIHS (Insurance Institute for Highway Safety) in the U.S. has successfully tested the Volvo XC40 Recharge and rewarded it 2021 TOP SAFETY PICK+ in the Small SUV class.

The awarded technology suite includes Veoneer's 4th generation mono vision system, 77GHz front radar, state-of-the-art ADAS Electronic Control Unit (ECU) and software. Veoneer's  software platform includes sensor fusion and enables industry-leading features like lane keeping aid, forward collision warning, adaptive cruise control, autonomous emergency braking, and traffic assist. 

IIHS highlighted the crash avoidance and mitigation vehicle-to-vehicle and vehicle-to-pedestrian capabilities. These features were awarded superior and advanced rating respectively.

On the Volvo XC40, Veoneer's mono vision system, with a 100-degree field-of-view , and front 77 GHz radar unit, are designed to keep the vehicle's eyes on the road and be prepared to take preventative measures whenever something encroaches on its path ahead.  The driver gets a warning and, if needed, brakes automatically. Automatic pre-braking, steering support, and incrementally tightening seatbelts maximize safety for the occupants.

"Veoneer is proud to deliver the highest levels of safety and convenience.  Seeing that VolvoXC40 Recharge qualified for TOP SAFETY PICK+ is an important proof-point of what our technologies are capable of," says Jan Carlson, Chairman, President & CEO, Veoneer.  "Warm congratulations to Volvo!"

Read more: https://www.iihs.org/ratings/vehicle/volvo/xc40-recharge-4-door-suv/2021

For more information please contact:

Thomas Jönsson, EVP Communications & IR,

thomas.jonsson@veoneer.com, tel +46 (0)8 527 762 27

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

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SOURCE Veoneer

FAQ

What is the significance of the Top Safety Pick+ award for Veoneer (VNE)?

The Top Safety Pick+ award signifies that Veoneer's safety technology in the Volvo XC40 Recharge meets high standards in crash avoidance and mitigation, enhancing its market presence.

Which technologies contributed to the Volvo XC40 Recharge receiving the Top Safety Pick+ designation?

The accolade was attributed to Veoneer's 4th generation mono vision system, 77GHz front radar, and advanced ADAS software.

How does the Top Safety Pick+ award impact Veoneer's stock performance (VNE)?

While accolades like the Top Safety Pick+ can improve brand perception and attract more customers, the direct impact on stock performance will depend on future sales and financial metrics.

When was the Volvo XC40 Recharge awarded the Top Safety Pick+ by IIHS?

The award was announced on May 20, 2021.

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