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Autoliv and HSAE - New Strategic Joint Venture to Advance Automotive Safety Electronics
The headquarters and production facilities of the new joint venture will be located strategically near Shanghai and close to several existing Autoliv sites in China . The focus will be on products that include features such as:
"This strategic partnership highlights Autoliv's commitment to building long-term relationships with key partners who share our vision and ambitions for automotive safety. Together, we will advance automotive safety technologies by bringing new innovations and efficiency together, developing stronger, safer and integrated systems for our customers. In addition to serving customers within China , this joint venture will enable Autoliv to support markets beyond China by providing advanced solutions and innovations in this field," said Sng Yih, President of Autoliv China.
"The joint venture will be driven by technology and innovation, harnessing China's advanced supply chain to deliver cutting-edge safety solutions and highly reliable products for both Chinese and global customers. We believe this partnership will serve as a benchmark and catalyst for China's automotive industry, accelerating its transformation from `large' to `strong' and supporting its journey toward high-quality, sustainable, and global growth," said Yang Hong , President & CEO of HSAE.
The joint venture will leverage Autoliv's global leadership in automotive safety and HSAE's deep expertise in automotive electronics, aiming to deliver integrated solutions that improve current offerings and enable future innovations for both Chinese and international OEMs manufacturing in China .
Media: media@autoliv.com
Gabriella Etemad , Tel +46 70 612 64 24,
Emelie Ericson , Tel +46 70 957 81 35
Investors & Analysts: ir@autoliv.com
Anders Trapp , Tel +46 709 578 171,
Henrik Kaar , Tel +46 709 578 114
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