STOCKHOLM and SHANGHAI, October 24, 2022 /PRNewswire/ — Autoliv China, a subsidiary of the world’s leading provider of automotive security systems, Autoliv, Inc. (NYSE:ALV) (SSE:ALIVsdb), and Geely Auto Group, a leading global automobile manufacturer, have entered into a strategic cooperation agreement to develop advanced safety technology for future vehicles. The collaboration includes a systems approach to vehicle safety and includes 16 technologies. The aim is to develop products that meet the future demand for safer vehicles and save more lives.
The automotive industry is in an intensive transformation phase. Global megatrends such as sustainability, automation, electrification and micromobility will shape the transport system of the future. As these trends and new technologies reshape the mobility landscape, agility, innovation and disruptive strategies are required to remain competitive.
The new collaboration between Autoliv and Geely aims to accelerate the market introduction of new advanced safety technologies. The scope of the cooperation includes safety for highly autonomous driving, intelligent steering wheel technology, a 360° occupant protection system and the development of a sustainable leather substitute.
“The new collaboration between Autoliv and Geely demonstrates our shared intention to accelerate the time-to-market process with new safety technology that will save more lives. Geely is a strong player in a very dynamic and transformative industry and I am delighted that we have established this collaboration in China. Our shared commitment to sustainability underpins and supports our collaboration,” said Sng Yih, President of Autoliv China.
“This strategic collaboration marks another milestone for Geely and Autoliv and gives us the opportunity to develop cars with a new level of safety technology. Through our close cooperation, both Geely and Autoliv can increase our respective innovative strength and technical competitiveness in the automotive market,” said Guowang Kang, vice president of Geely Auto.
Autoliv and Geely first began working together in 2002, which has since produced numerous advanced technologies, including a seat belt with pre-tensioner and a steering wheel with hands-off detection technology. The new collaboration is not exclusive.
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