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2016-02-22

Ericsson: Ericsson and Geely announce connected cars cooperation

* Connected car services will be enabled by Ericsson's industry-proven
Connected Vehicle Cloud platform
* Advanced safety and maintenance features will be introduced first, followed
by vehicle-to-vehicle and vehicle-to-infrastructure communications and,
ultimately, autonomous driving
* By working with Ericsson, Geely Auto will be able to develop an
industry-leading connected car platform

Ericsson (NASDAQ: ERIC) and Geely Auto have signed an agreement to jointly
develop connected car services enabled by Ericsson's industry-proven
Connected Vehicle Cloud platform. Geely Auto will begin by offering its
customers advanced safety and maintenance features before progressing to
vehicle-to-vehicle and vehicle-to-infrastructure communications and,
ultimately, autonomous driving.

Ericsson's Connected Vehicle Cloud is a platform that enables application
developers, government organizations, businesses and automotive manufacturers
to reach drivers and passengers with services and information. Initially,
Geely Auto customers will gain access to smartphone applications that enable
them to remotely monitor and activate vehicle systems. Functionality will
include monitoring of engine systems, fuel use and expected range, as well as
activation of heating, ventilation, and air conditioning systems, and locking
or unlocking of vehicles. Ericsson and Geely Auto will maintain a dynamic app
store, ensuring that customers always have access to the latest innovative
services and applications.

Technology built into the car itself will collect and monitor vital data and
enable the vehicle to automatically make dealer reservations when maintenance
is required.

In the next phase of development, Ericsson will use its technology and
services leadership and long-term relationships with the world's leading
telecom operators to enable Geely Auto vehicles to share information about
potential road hazards. By developing complex event processing and analytics
solutions, Ericsson and Geely Auto will enhance vehicle-to-vehicle and
vehicle-to-infrastructure communications and gradually introduce autonomous
driving functionality supported by 5G communications technologies.

Dr. Hu Hong Xing, Vice President, Geely Automobile Research Institute, says:
"By cooperating with Ericsson, Geely Auto Group will be able to develop a
class leading connected vehicle service platform which will be able to
deliver a greater level of convenience and safety to all customers. This
platform will be an open and shared eco-system that will bring greater
development to the connected vehicle industry chain."

Claes Herlitz, Head of Automotive at Ericsson, says: "Together, Ericsson and
Geely will build a leading connected car platform that delivers everything
from safety functionality to fully autonomous driving. Ericsson's combination
of professional services, cloud technology and a state-of-the-art Service
Enablement Platform will deliver enhanced experiences for Geely's customers."

The connected car market is expanding very rapidly to meet consumer demand for
efficiency, safety and enhanced experiences. Ericsson and Geely Auto are
working together to transform transport and make the Networked Society a
reality.

Ericsson at Mobile World Congress 2016

During Mobile World Congress 2016 in Barcelona, Ericsson will showcase its
unique industry insights, the latest innovation and inspirational discussions
that enable powerful new business opportunities. We are in the midst of the
societal transformation we call theNetworked Society: a society in which
mobility, broadband and cloud empower every person and every industry to
reach their full potential. Opportunity is everywhere, and companies are
transforming according to the role they have chosen to play in the value
chains and ecosystems of the Networked Society. Join us in our Hall (Hall 2,
Stand 2N60) to learn about 5G, the Internet of Things and cloud, and to
discuss the impact digital transformation can have on people, business and
society.

Follow the conversation online:

www.twitter.com/ericsson

www.linkedin.com/ericsson

NOTES TO EDITORS

Transport press backgrounder

For media kits, backgrounders and high-resolution photos, please
visitwww.ericsson.com/press

Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with
every major telecom operator in the world allow people, business and society
to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband
and the cloud
- are enabling the telecom industry and other sectors to do better business,
increase efficiency, improve the user experience and capture new
opportunities.

With approximately 115,000 professionals and customers in 180 countries,
we combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments
in research and development ensure that our solutions - and our customers -
stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in
2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.

www.ericsson.com

www.ericsson.com/news

www.twitter.com/ericssonpress

www.facebook.com/ericsson

www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail:media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations@ericsson.com

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Press Release - Ericsson and Geely announce connected cars cooperation
http://hugin.info/1061/R/1987957/729832.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Globenewswire

HUG#1987957

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