Veoneer Honored Best Quality Award by Great Wall Motor

STOCKHOLM,July 14,2021 -- The automotive technology company Veoneer,Inc. (NYSE: VNE) and (SSE: VNE SDB),was awarded the 2020 Best Quality Award at the Great Wall Motor (GWM) Annual Global Partners Conference.

On July 4,2021,GWM arranged their annual global partners conference in Baoding,Hebei province,China. The theme of the conference was 'Create change and move forward for a win-win future'.

"We are greatly honored to receive the Great Wall Motor award for the 1st time. Veoneer China is cooperating closely with GWM on both active safety systems and restraint control systems. GWM is one of our most important customers in China. We will continue strengthening our strategic relationships and keep delivering innovative and high-quality solutions to GWM also in the future," said Seven Zhang,Executive Vice President,Customer Area China,who received the prize on behalf of Veoneer China.

For more information please contact:

Thomas Jönsson,EVP Communications & IR,

thomas.jonsson@veoneer.com,

Tel +46 (0)8527762 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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