Autoliv Intends To Collaborate With Polestar On Climate-Neutral Car

by Shivani Kumaresan, Benzinga Staff Writer
February 23, 2022 5:18 AM | 29 seconds read |
  • 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.
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