SHANGHAI, May 19, 2023 /PRNewswire/ -- Autoliv China, a
subsidiary of the worldwide leader in automotive safety systems,
Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), and NIO Inc., a
leading electric vehicle company based in China, have signed a strategic cooperation
framework agreement. The collaboration includes several new safety
technologies for electric vehicles with an overarching focus on
sustainable solutions.
NIO is a pioneering new premium electric vehicle company with a
vision of creating a brighter and more sustainable future by
providing smart vehicles, services, and user community. The
strategic cooperation between NIO and Autoliv marks a significant
milestone in our shared objective to redefine the way people
experience transportation.
Under the agreement, NIO and Autoliv will develop safety
products for electric vehicles and sustainable technologies. The
new technologies will include a passenger airbag that deploys from
the headliner using an environmentally friendly inflator.
Furthermore, we are co-developing a new airbag concept that
provides full protection for different seating positions. This
allows for better protection, and more freedom to design the
interior of the vehicle. It also includes biology-based materials
for both airbag cushions and seatbelt webbing.
"NIO is a pioneer and leading electric vehicle company in the
Chinese market. Together, Autoliv and NIO will bring safety and
innovation to the market that will reshape the future of mobility,"
said Mikael Bratt, President and
CEO, Autoliv.
"This strategic partnership marks a new milestone for NIO and
Autoliv. We have a shared commitment to innovation and
sustainability, and we expect the cooperation will be extended to
more areas, as we strive to enhance the driving experience and
provide pleasant journeys for all global users," said Yu Pan, Vice President of Supply Chain
Development at NIO.
"We will work closely with NIO's talented team, pooling with
Autoliv's knowledge and strengths. Our cooperation will not only
elevate the driving experience but also reinforce our shared
objective to create a safer and a more sustainable future for
mobility," said Sng Yih, President, Autoliv China.
Inquiries:
Media: Gabriella Ekelund, Tel +46
(70) 612 64 24
Investors & Analysts: Anders
Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik
Kaar, Tel +46 (0)8 587 206 14
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the
worldwide leader in automotive safety systems. Through our group
companies, we develop, manufacture and market protective systems,
such as airbags, seatbelts, and steering wheels for all major
automotive manufacturers in the world as well as mobility safety
solutions, such as pedestrian protection, connected safety services
and safety solutions for riders of powered two wheelers. At
Autoliv, we challenge and re-define the standards of mobility
safety to sustainably deliver leading solutions. In 2022, our
products saved close to 35,000 lives and reduced more than 450,000
injuries.
Our close to 70,000 associates in 27 countries are passionate
about our vision of Saving More Lives and quality is at the heart
of everything we do. We drive innovation, research, and development
at our 14 technical centers, with their 20 test tracks. Sales in
2022 amounted to US $ 8.8 billion.
For more information go to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements are based upon our current expectations,
various assumptions and data available from third parties. Our
expectations and assumptions are expressed in good faith and we
believe there is a reasonable basis for them. However, there can be
no assurance that such forward-looking statements will materialize
or prove to be correct as forward-looking statements are inherently
subject to known and unknown risks, uncertainties and other factors
which may cause actual future results, performance or achievements
to differ materially from the future results, performance or
achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those set out in the
forward-looking statements, including general economic conditions
and fluctuations in the global automotive market. For any
forward-looking statements contained in this or any other document,
we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update publicly or
revise any such statements in light of new information or future
events, except as required by law.
The following files are available for download:
https://mb.cision.com/Main/751/3771827/2069747.pdf
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