veoneer said in a statement it would develop an integrated platform with qualcomm to be available through automotive tier 1 suppliers or directly to original equipment manufacturers oem for 2024 vehicle production stockholm veoneer will cooperate with qualcomm technologies on developing software for its driver assistance systems the auto technology firm said on thursday sending its shares sharply higher the swedish maker of vision systems radar and software for advanced driverassistance systems adas said it had signed a nonbinding letter of intent with the us firm and expected to finalise a definitive agreement in the second half of this year advt shares in veoneer listed in stockholm were up 161 at 11170 crowns 1280 at 1247 gmt its uslisted shares set for the best session in over five months were down nearly 30 this year as of wednesdays close veoneer which competes with companies such as aptiv bosch and continental has been hit hard by the coronavirus pandemic as the car industry has seen production halted in many markets by widespread lockdowns veoneer said in a statement it would develop an integrated platform with qualcomm to be available through automotive tier 1 suppliers or directly to original equipment manufacturers oem for 2024 vehicle production this relationship not only strengthens our product portfolio but also broadens our gotomarket position and opportunities while giving customers more ways to access worldleading technology veoneer ceo and chairman jan carlson said in a statement the company which supplies carmakers such as daimler and honda said last month it expected sales this year to outpace lightvehicle production reuters published on aug 27 2020 at 0745 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app driver assistance systems qualcomm technologies adas auto tech veoneer homenewsauto technologyauto tech firm veoneer teams up with qualcomm on driver software