Veoneer Supports First Guidelines for Safe Introduction of Automated Driving Systems

STOCKHOLM,Sept. 11,2019 -- Veoneer,Inc. (NYSE: VNE) and (SSE: VNE SDB),the world's largest pure-play company focused on Advanced Driver Assistance Systems (ADAS),Collaborative and Automated Driving (AD),announced its support to Thatcham Research,the motor insurers' automotive research center in the UK,when making the world's first attempt to launch guidelines that minimize bumps in the road on the journey towards fully automated driving.

Safety is a prerequisite for creating trust in mobility,and Veoneer supports Thatcham Research in launching the first guidelines for safe introduction of Automated Driving Systems. "There are significant hurdles to ensuring that automated driving successfully elevates road safety from where it is today," says Ola Bostrom,VP Research,Veoneer.

The transition from assisted to Automated Driving,where sensors and systems play a primary role in what we think of today as the act of driving,is an area of potential risk. It is in this transition period,during which functionality is limited and the driver is required to take back control in certain situations,the risk of accidents may increase.

The 12 principles in Thatcham Research's guidelines include; training to ensure that drivers understand the vehicle's automated functions; geofencing to restrict the automated system to motorway driving only; and in-vehicle displays to clearly indicate whether the car or user is responsible for driving at all times. In addition,the guideline dictates that if the driver does not take back control when required,the vehicle must be able to assess the safest minimum-risk maneuver and undertake it according to the prevailing road conditions. "This should never mean simply deactivating automation," Veoneer and Thatcham Research agrees.

It is predicted that in 2030,the vast majority of all cars sold will include advanced technologies that provide collaborative interaction with the driver,while a fraction of the market will be fully autonomous cars.

"We are entering a period during which we will see a mix of old cars,cars with some active safety functionality and fully autonomous cars,all driving on the same roads. It is crucial that technologies installed in the first cars with Automated Driving Systems complement their human counterparts- and they have to react and communicate not only in a safe way,but also in a way that humans fully understand,Veoneer.

The demonstration film jointly created by Thatcham Research and Veoneer showcases certain criteria that should be fulfilled for a safe launch of the next level of automated driving. "These criteria may deviate between countries and over time,but we fully support this first attempt to launch guidelines that minimize bumps in the road on the journey towards fully automated driving. Safety is a prerequisite for creating trust in mobility."

Veoneer designs and manufactures products and solutions for active safety,autonomous driving,occupant protection and brake control. Our purpose is to create trust in mobility. Founded in 2018,Veoneer builds on a heritage of close to 70 years of automotive safety development. Headquartered in Stockholm,Sweden,Veoneer has 9,200 employees in 13 countries. In 2018,sales amounted to $2.2 billion. Veoneer is listed on the New York Stock Exchange and on the Nasdaq Stockholm.

Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities,events or developments that Veoneer,Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations,various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However,there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks,uncertainties and other factors which may cause actual future results,performance or achievements to differ materially from the future results,performance or achievements expressed in or implied by such forward-looking statements. Numerous risks,uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements,including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document,we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995,and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events,except as required by law.

For more information please contact:

Thomas Jonsson

EVP Communications & IR

tel +46 (0)8-527-762-27

Ray Pekar

Investor Relations

tel +1 (248) 794-4537

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