Autoliv and Geely are developing advanced safety technology for future vehicles

(Stockholm, Swedenand Shanghai, China, October 24, 2022) Autoliv China, a subsidiary of the world’s leading provider of automotive safety systems, Autoliv, Inc. (NYSE:ALV and SSE:ALIVsdb) and Geely Auto Groupone of the world’s leading automobile manufacturers, have entered into a strategic cooperation agreement to develop advanced safety technologies 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 cooperation between autoliv and Geely is designed to accelerate the market introduction of new advanced security 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 process of bringing new safety technologies to market 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 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 safety technology. Through our close cooperation, both Geely and autoliv can increase our respective innovative ability and technical competitiveness in the automobile market,” said Guowang Kang, vice president of Geely Auto.

autoliv and Geely The collaboration first began in 2002, which has since yielded 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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Media: Gabriella EkelundPhone +46 (70) 612 64 24
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Around autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the world’s leading provider of automotive safety systems. Through our group companies, we develop, manufacture and market protection systems such as airbags, seat belts and steering wheels for all of the world’s major car manufacturers, as well as mobility safety solutions such as pedestrian protection, connected safety services and safety solutions for motorized two-wheeler drivers. at autolivwe challenge and redefine the standards of mobility safety to deliver sustainable leading solutions. In 2021, our products saved nearly 35,000 lives. Our products prevent more than 300,000 serious injuries every year.

Our more than 60,000 employees in 28 countries are passionate about our vision of Saving More Lives, and quality is at the core of everything we do. We drive innovation, research and development in our 14 technical centers with their 20 test tracks. Sales in 2021 amounted to the USA $8.2 billion. For more information, see www.autoliv.com.

Safe Harbor Declaration

This report contains statements that are not historical facts, but are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that relate to activities, events or developments that Autoliv, Inc. or its management believes or expects that this may occur in the future. All forward-looking statements are based on our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for doing so. However, there can be no assurance that such forward-looking statements will materialize or prove to be accurate as, by their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual future results, performance or achievements to differ materially of future results, performance or achievements expressed or implied in such forward-looking statements. Numerous risks, uncertainties and other factors could cause actual results to differ materially from those projected in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe haven for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and we undertake no obligation to publicly update or update any such revise statements in light of new information or future events, except as required by law.

https://news.cision.com/autoliv/r/autoliv-and-geely-to-develop-advanced-safety-technology-for-future-vehicles,c3652858

https://mb.cision.com/Main/751/3652858/1642057.pdf

https://news.cision.com/autoliv/i/pic-of-geely-cooperation-3,c3104496

https://news.cision.com/autoliv/i/sng-yih,c3104497

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