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Benzinga
Benzinga
Business
Akanksha Bakshi

Autoliv's New Joint Venture In China Aims To Revolutionize Automotive Safety Electronics

Autoliv, Inc.

Autoliv, Inc. (NYSE:ALV), a global leader in automotive safety systems, announced Thursday that it is forming a joint venture with Hangsheng Electric Co., Ltd. (HSAE), a major Chinese developer of automotive electronics.

The joint venture will focus on developing and manufacturing advanced safety electronics for the rapidly growing automotive market in China. The venture is expected to be officially established by Q1 2026, pending regulatory approval from Chinese authorities.

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