Autoliv and HSAE - New Strategic Joint Venture to Advance Automotive Safety Electronics

Core Insights - Autoliv, Inc. and Hangsheng Electric Co., Ltd. are forming a joint venture to develop advanced safety electronics for the Chinese automotive market [1][2] - The joint venture will be established in Q1 2026, with Autoliv holding a 40% stake and HSAE holding 60% [2] - The partnership aims to leverage Autoliv's global safety leadership and HSAE's expertise in automotive electronics to create integrated solutions for both Chinese and international OEMs [5] Company Overview - Autoliv is a leader in automotive safety systems, developing products such as airbags and seatbelts, and aims to redefine mobility safety standards [5][6] - In 2024, Autoliv's sales reached $10.4 billion, and its products saved approximately 37,000 lives while reducing around 600,000 injuries [6] - Hangsheng Electric Co., Ltd. specializes in automotive electronics, including infotainment systems and intelligent vehicle solutions, serving a wide range of OEMs [7] Strategic Goals - The joint venture will focus on innovation and efficiency in automotive safety technologies, aiming to support both the Chinese market and global customers [3][4] - The partnership is expected to act as a catalyst for the transformation of China's automotive industry, promoting high-quality and sustainable growth [4] - The headquarters and production facilities will be located near Shanghai, enhancing operational synergies with existing Autoliv sites in China [2]