Autoliv and Hangsheng Electric plan safety electronics JV for Chinese car market

Core Viewpoint - Autoliv, a Swedish auto safety gear maker, plans to establish a joint venture with Hangsheng Electric, a Chinese electric vehicle electronics group, to produce safety electronics for the Chinese market [1] Group 1 - The joint venture aims to enhance the development of safety electronics specifically tailored for electric vehicles in China [1] - This collaboration reflects the growing demand for advanced safety features in the rapidly expanding Chinese electric vehicle market [1] - Autoliv's strategic move is expected to strengthen its position in the global automotive safety industry [1]