SHANGHAI, May 19, 2023 /PRNewswire/ — Autoliv China, a subsidiary of the world’s leading provider of automotive security systems, Autoliv, Inc. ALV (SSE: ALIVsdb)and NIO Inc., a leading electric vehicle company based in China, have signed a framework agreement on strategic cooperation. 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 to create a brighter and more sustainable future through the delivery of intelligent vehicles, services and user communities. The strategic collaboration between NIO and Autoliv represents a major milestone in our shared goal of redefining the way people experience transportation.

Under the terms of the agreement, NIO and Autoliv will develop safety products for electric vehicles and sustainable technologies. New technologies include a passenger airbag that deploys from the headliner using an eco-friendly gas generator. In addition, we are jointly developing a new airbag concept that offers comprehensive protection for different seating positions. This allows better protection and more freedom in designing the vehicle interior. This also includes bio-based materials for both airbag cushions and seat belt webbing.

“NIO is a pioneer and leading electric vehicle company in the Chinese market. Together, Autoliv and NIO will bring safety and innovation to market that will reshape the future of mobility,” he said Michael BrattPresident and CEO, Autoliv.

“This strategic partnership marks a new milestone for NIO and Autoliv. We share a shared commitment to innovation and sustainability and expect to expand the collaboration to more areas as we strive to improve the driving experience and enable pleasant journeys for all the world’s users,” said Yu PanVice President of Supply Chain Development at NIO.

“We will work closely with NIO’s talented team, combining Autoliv’s knowledge and strengths. Our…