STOCKHOLM and SHANGHAI, Oct. 24, 2022 /PRNewswire/ — Autoliv China, a subsidiary of the worldwide chief in automotive safety techniques, Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), and Geely Auto Group, a number one international automobile producer, have entered a strategic cooperation settlement to develop advanced safety technology for future vehicles. The collaboration features a system strategy to automotive safety and will cowl 16 applied sciences. The goal is to develop merchandise that may meet the future demand for safer vehicles and to save extra lives.
The automotive trade is experiencing an intensive section of transformation. Global megatrends like sustainability, automation, electrification, and micromobility are shaping the future transport system. As these tendencies and new applied sciences reshape the mobility panorama, staying aggressive requires agility, innovation, and disruptive methods.
The new cooperation between Autoliv and Geely is anticipated to speed up the launch of recent advanced safety applied sciences to the market. The scope of the cooperation consists of safety for high-level autonomous driving, clever steering wheel technology, a 360° occupant safety system, and the event of a sustainable leather-based substitute.
“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”, mentioned 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,” mentioned Guowang Kang, Vice President, Geely Auto.
Autoliv and Geely first started working collectively in 2002 which has since generated quite a few advanced applied sciences, together with a pre-pretensioner seatbelt and a steering wheel with arms off detection technology. The new collaboration is non-exclusive.
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SOURCE Autoliv
