General Motors Names Veoneer a 2021 Supplier of the Year

STOCKHOLM,March 25,2022 --General Motors recognized Veoneer as a 2021 Supplier of the Year. GM celebrated honorees at its 30thannual Supplier of the Year awards ceremony in Phoenix,Arizona,last week.

GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements,in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry. This year,GM recognized 134 suppliers from 16 countries with the Supplier of the Year distinction.

This is the 4th time Veoneer is recipient of this award,receiving it every year since being founded in 2018.

"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," said Jan Carlson,Chairman,President and CEO of Veoneer.

"This year's Supplier of the Year event was special not only because it's the 30th anniversary of the program,but because it provided us with the opportunity to recognize our suppliers for persevering through one of the most challenging years the industry has ever faced," said Shilpan Amin,GM vice president,Global Purchasing and Supply Chain. "These top suppliers showed resilience and reinforced their commitment to pursuing sustainability and innovation. Through our strong relationships and collaboration,GM and our suppliers are poised to build a brighter future for generations to come."

A global cross functional team selected the 2021 Supplier of the Year winners based on performance criteria in Product Purchasing,Global Purchasing and Manufacturing Services,Customer Care and Aftersales and Logistics.

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 7,100 employees in 11 countries. In 2021,sales amounted to $1.66 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 focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform,which will power everything from mass-market to high-performance vehicles. General Motors,its subsidiaries and its joint venture entities sell vehicles under theChevrolet,Buick,GMC,Cadillac,BaojunandWulingbrands. More information on the company and its subsidiaries,includingOnStar,a global leader in vehicle safety and security services,can be found athttps://www.gm.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/veoneer/r/general-motors-names-veoneer-a-2021-supplier-of-the-year,c3532852

The following files are available for download:

https://mb.cision.com/Main/17380/3532852/1554181.pdf

Release

https://news.cision.com/veoneer/i/gm-soy-2021,c3029673

GM SOY 2021