STOCKHOLM (Reuters) -Swedish auto safety gear maker Autoliv said on Thursday it plans to form a joint venture with Chinese electric vehicle electronics group Hangsheng Electric to make safety
Autoliv and Hangsheng Electric to Launch Joint Venture in China
Joint Venture Overview
STOCKHOLM (Reuters) -Swedish auto safety gear maker Autoliv said on Thursday it plans to form a joint venture with Chinese electric vehicle electronics group Hangsheng Electric to make safety electronics for the Chinese market.
Stake and Regulatory Approvals
Autoliv said it expects the joint venture, in which it would hold a 40% stake, to be formally established in the first quarter of 2026 pending regulatory approvals from Chinese authorities.
Innovations in Automotive Safety
"Together, we will advance automotive safety technologies by bringing new innovations and efficiency together," it said in a statement.
Market Reach Beyond China
"In addition to serving customers within China, this joint venture will enable Autoliv to support markets beyond China by providing advanced solutions and innovations in this field," it said.
(Reporting by Anna Ringstrom, editing by Susan Fenton)
