#Shanghai #USA #Autoliv #Automotive Safety #HSAE

Autoliv and HSAE Form Groundbreaking Joint Venture in Automotive Safety Electronics

Autoliv, Inc., the global frontrunner in automotive safety systems, has revealed plans to partner with Hangsheng Electric Co., Ltd. (HSAE), a prominent Chinese company known for its expertise in automotive electronics. This strategic alliance aims to innovate and expand automotive safety electronics tailored for the rapidly evolving Chinese market.

Strategic Development

The joint venture is projected to be officially established in early 2026, pending necessary regulatory approvals from Chinese authorities. In this partnership, Autoliv will hold a 40% stake, while HSAE will own the remaining 60%. This distribution showcases a mutual commitment to technological innovation and long-term collaboration.

The initiative will establish its headquarters and manufacturing facilities near Shanghai, strategically positioned by several existing Autoliv locations in China. Key product focuses include:

• - Hands-On Detection (HOD)
• - Pre-pretensioner mechatronic integration (PPMI)
• - Electronic applications for seatbelt systems and driver units

Combining Local and Global Expertise

This joint venture not only emphasizes Autoliv's dedication to forging impactful partnerships but also aims to elevate automotive safety standards. "Together, we will enhance automotive safety technologies, integrating new innovations to create robust, secure systems for our clientele," said Sng Yih, President of Autoliv China.

HSAE's President and CEO, Yang Hong, expressed confidence in harnessing China's advanced supply chains to deliver groundbreaking safety solutions. He emphasized that this partnership sets a benchmark for transforming China's automotive sector, steering it towards quality, sustainability, and global competitiveness.

Elevating the Automotive Landscape

By merging Autoliv's established global safety strategies with HSAE's in-depth knowledge of automotive electronics, the joint venture is poised to deliver integrated solutions that enhance both existing offerings and pave the way for future innovations. This will not only cater to the demands of the Chinese market but also enable Autoliv to support international OEMs manufacturing in China.

Both companies recognize the critical need for ongoing research and development in order to anticipate future automotive safety challenges. The focus remains on creating innovative technologies that can seamlessly integrate into vehicles, ensuring the safety of passengers and drivers alike.

About Autoliv and HSAE

Autoliv is celebrated globally for its advancements in automotive safety systems, including airbags, seatbelts, and steering wheels, contributing significantly to road safety. In 2024 alone, Autoliv's products were credited with saving approximately 37,000 lives and preventing around 600,000 injuries. With operations spanning 25 countries and a robust workforce driving innovation, the company continues its aim of saving more lives through unmatched quality in mobility safety.

HSAE stands out as a leader in automotive electronics in China, focusing on infotainment systems and intelligent vehicle technologies. This diverse expertise supports not only domestic firms but also international OEMs looking for cutting-edge solutions in vehicle electronics.

A Future of Innovation and Safety

In summary, the joint venture between Autoliv and HSAE is a significant strategic maneuver that aims to address the evolving landscape of automotive safety. By combining resources, expertise, and innovations, this partnership will facilitate the development of advanced safety technologies that meet current and future needs in the automotive sector. This collaboration sets the stage for a new era in automotive safety, signaling a commitment to saving lives and enhancing vehicle safety in both China and global markets.