Autoliv Intends To Collaborate With Polestar On Climate-Neutral Car

Autoliv Inc ALV intends to collaborate with the automotive company Polestar to develop a climate-neutral car by 2030.
The parties intend to research and develop technology aiming at climate-neutral solutions related to automotive safety, such as pyrotechnics, textiles, and new generations of materials for airbags and seatbelts.
The partnership is in line with Autoliv’s aim to be the first automotive safety supplier to become carbon neutral in its own operations by 2030.
Price Action: ALV shares are trading higher by 1.70% at $97.74 in premarket on the last check Wednesday.