Veoneer Recognized by General Motors as a 2019 Supplier of the Year Winner

STOCKHOLM,June 30,2020 -- The automotive technology company Veoneer,Inc. (NYSE: VNE)(SSE: VNE SDB),was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company's 28thannual Supplier of the Yearawards on Wednesday,June 24,2020.

During the event,GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations,created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year.

This is the 2nd time Veoneer has received the award. Veoneer,is a spin off from Autoliv,a pioneer in automotive safety for 67 years.

"Our suppliers play a key role in delivering the products,services and experiences our customers deserve - and these award-winning suppliers went above and beyond our expectations," said Shilpan Amin,GM vice president,Global Purchasing and Supply Chain.

"We also believe it's important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19," added Amin. "Not only have we been able to safely restart our manufacturing operations,our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe."

The Supplier of the Year award winners were chosen by a global team of GM purchasing,engineering,quality,manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing,Global Purchasing and Manufacturing Services,Customer Care and Aftersales,and Logistics.

"We are extremely honored to receive the 2019 General Motors Supplier of the Year Award for Electronic Modules," said Jan Carlson,Veoneer Chairman,President and CEO. "We are proud to be recognized by our longtime partner for our commitment to performance,quality and innovation and to support their mission to deliver new levels of safety and convenience to car drivers and occupants across the globe."

Veoneer,Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. Wedesign,manufacture and sell 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 7,600 employees in 13 countries. In 2019,sales amounted to $1.9 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).

General Motors (NYSE: GM) is a global company committed to delivering safer,better and more sustainable ways for people to get around. General Motors,its subsidiaries and its joint venture entities,sell vehicles under the Chevrolet,Buick,GMC,Cadillac,Holden,Baojun and Wuling brands. More information on the company and its subsidiaries,including OnStar,a global leader in vehicle safety and security services,can be found at http://www.gm.com.

For more information please contact:

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

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

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