Autoliv China Joins Forces With Great Wall Motor For Automotive Safety Solutions

Autoliv China, a part of Autoliv, Inc. ALV, has entered into a collaboration with one of China's premier vehicle manufacturers, Great Wall Motor (GWM).

This move is poised to address both the opportunities and the obstacles presented by the fast-paced changes in the global automobile industry. With this alliance, Autoliv fortifies its ties with Chinese Original Equipment Manufacturers (OEMs).

The epicenter of this strategic collaboration is to foster innovation by working jointly on state-of-the-art technologies while maintaining a stringent focus on quality.

One of the anticipated outcomes of this joint venture is the creation of innovative systems like an overhead passenger airbag that unfurls from the car's ceiling, thereby augmenting interior space.

Furthermore, their combined efforts are also directed towards devising an integrated safety system aptly named the 'zero-gravity seat' for self-driven vehicles.

The collaboration includes the development of several new products with sustainable materials, such as using bio-PET as the basic fabric for airbag cushions, and bio-leather wrapping on steering wheels.

GWM has carved a niche for itself with a range of vehicles under various brandings, including but not limited to Great Wall, Haval, WEY, TANK, and POER.

The relationship between Autoliv and GWM dates back to 2003, when Autoliv first designed and supplied seat belts tailored for Haval SUVs.

Also Read: Autoliv's Cost Reduction Plan To Garner $25M In Savings In FY24 Amid Stronger Pricing, Analyst Says

Price Action: ALV shares are trading higher by 0.51% at $95.89 in premarket on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.