STOCKHOLM and SHANGHAI, Oct. 24,
2022 /PRNewswire/ -- Autoliv China, a
subsidiary of the worldwide leader in automotive safety systems,
Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), and Geely Auto
Group, a leading global automobile manufacturer, have entered a
strategic cooperation agreement to develop advanced safety
technology for future vehicles. The collaboration includes a system
approach to automotive safety and will cover 16 technologies. The
objective is to develop products that will meet the future demand
for safer vehicles and to save more lives.
The automotive industry is experiencing an intensive phase of
transformation. Global megatrends like sustainability, automation,
electrification, and micromobility are shaping the future transport
system. As these trends and new technologies reshape the mobility
landscape, staying competitive requires agility, innovation, and
disruptive strategies.
The new cooperation between Autoliv and Geely is expected to
accelerate the launch of new advanced safety technologies to the
market. The scope of the cooperation includes safety for high-level
autonomous driving, intelligent steering wheel technology, a 360°
occupant safety system, and the development of a sustainable
leather replacement.
"The new cooperation between Autoliv and Geely shows our common
intention to speed up the process of going to market with new
safety technology that will save more lives. Geely is a strong
player in a very dynamic and transformative industry, and I am
pleased that we have established this cooperation in China. Our shared commitment to sustainability
underpins and supports our collaboration", said Sng Yih, President,
Autoliv China.
"This strategic collaboration marks another milestone for Geely
and Autoliv and gives us the opportunity to create cars with a new
level of safety technology. Through our close cooperation, both
Geely and Autoliv can increase our respective innovation capacity
and technical competitiveness in the automotive market," said
Guowang Kang, Vice President, Geely Auto.
Autoliv and Geely first began working together in 2002 which has
since generated numerous advanced technologies, including a
pre-pretensioner seatbelt and a steering wheel with hands off
detection technology. The new collaboration is non-exclusive.
Inquiries:
Media: Gabriella Ekelund, Tel +46
(70) 612 64 24
Investors & Analysts: Anders
Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik
Kaar, Tel +46 (0)8 587 206 14
The following files are available for download:
https://mb.cision.com/Main/751/3652858/1642057.pdf
|
Press release
221024
|
https://news.cision.com/autoliv/i/pic-of-geely-cooperation-3,c3104496
|
pic of geely
cooperation 3
|
https://news.cision.com/autoliv/i/sng-yih,c3104497
|
Sng Yih
|
View original
content:https://www.prnewswire.com/news-releases/autoliv-and-geely-to-develop-advanced-safety-technology-for-future-vehicles-301657008.html
SOURCE Autoliv