- Autoliv Inc ALV Subsidiary Autoliv China and Geely Auto Group have entered into a strategic cooperation agreement to develop Advanced Safety technology for future vehicles.
- The collaboration includes a systems approach to vehicle safety and includes 16 technologies.
- The aim is to develop products that meet the future demand for safer vehicles and save more lives.
- The new cooperation aims to accelerate the market introduction of new advanced security technologies.
- The scope of the cooperation includes safety for highly autonomous driving, intelligent steering wheel technology, a 360° occupant protection system and the development of a sustainable leather substitute.
- Autoliv and Geely first started working together in 2002. The new collaboration is not exclusive.
- Price promotion: ALV shares are trading down 0.12% at $76.69 in the premarket Monday session.
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