Veoneer, a Swedish automotive supplier focused on self-driving vehicle technology research and development, announced its second-quarter revenue on Friday (July 26). Despite its second-quarter loss and declining operating income, Veoneer said the result was better than internal expectations.
Veninger was divested from airbag maker Autoliv last summer, and its second-quarter loss increased from US $ 48 million in the same period last year to US $ 137 million, basically in line with the forecasts of Refinitiv analysts. Vininger's second-quarter operating income also fell 14.5% to $ 489 million.
Weininger said that the operating loss in the second half of this year is expected to improve compared with the first half, but the decline in organic sales for the whole year is still higher than previously expected. Veninger CEO Jan Carlson said the company received $ 627 million in investments in the second quarter. In addition, Jan Carlson agrees with the view that automotive and technical experts believe that it is almost ten years before fully autonomous vehicles can be on the road.
Jan Carlson said in a speech: "The convergence of the automotive and technology industries is still continuing, and in the current quarter, new alliances and cooperations have been established almost every week. We can see this change is accelerating. Some announcements and statements also confirm that the main trend in the next decade will be collaborative driving, while fully autonomous driving will only play an important role at the end of the next decade. "