Veoneer at CES 2020: Showcasing the Products That Will Change how Everyone Drives in the Future

STOCKHOLM,Dec. 5,2019 -- At CES 2020,Veoneer,a world-wide leader in autotech,will reveal how it believes daily driving in the future will change,showcasing a range of new driver support,collaborative driving and self-driving solutions that are set to become mainstream in the coming decade.

For the first time,Veoneer will demonstrate a new product on the roads of Las Vegas,which allows drivers to simply push a button when driving and then take their hands off the steering wheel and let the car safely handle parts of the daily commute.

This will be the fifth time Veoneer participates at CES,and the first time the company shows its advanced capabilities on public roads. "The daily commute is going to get easier," said Jan Carlson,Chairman,President and CEO of Veoneer. "At CES,we'll show you how."

The vehicles at the show will be equipped with sensors,computers and software that are either available today,or just around the corner. The demonstration vehicles at CES will feature the full Zenuity system software capability which will be commercially launched in 2020.In addition,Veoneer will demonstrate the increasing importance of data for the safety and convenience of tomorrow's traffic.

The new solution runs on software developed by Zenuity,the autonomous driving and assisted driving software developer co-owned by Veoneer and Volvo Cars. "The daily struggle with traffic jams is an unfortunate fact of life. This technology will make it better. Drivers and passengers will arrive at their destinations more relaxed and better prepared for whatever the rest of the day involves," said Dennis Nobelius,CEO of Zenuity.

Some of the other core technologies that will be highlighted,displayed and demonstrated by Veoneer at CES are next generation vision cameras and radars,5G technology in partnership with Ericsson and Ericsson Connected Vehicle Cloud to enable and enhance Veoneer solutions,driver and in-cabin monitoring,and next generation thermal imaging.

Veoneer's CES 2020 Booth:

Schedule a visit to Veoneer at the LVCC Platinum Lot,Booth #PL1,3361 Swenson Street.

Veoneer's Speaker Sessions:

Meet Veoneer's executives at the following Panel Sessions:

CES 2020 Research Summit

Collaborative Driving and the Future of Trust in Mobility

Tuesday,January 7,10:15am - 11:15am,LVCC North Hall N256

Jan Carlson,President,and CEO

Ola Bostrom,Vice President Research

Partnerships Drive Innovation for Autonomous Vehicles

Thursday,January 9,LVCC North Hall N262

Nishant Batra,Executive Vice President and Chief Technology Officer

For more information please contact:

Thomas Jonsson,EVP Communications & IR,tel +46 (0)8527762 27

Ray Pekar,Investor Relations,tel +1 (248) 794-4537

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 9,100 employees in 13 countries. In 2018,sales amounted to $2.2 billion. Veoneer is listed on the New York Stock Exchange and on 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.

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Veoneer at CES2020