Autoliv has been selected by Geely to collaborate on developing the first Level 3 advanced driver assistance systems in China, marking a significant expansion into the growing market for automotive safety technologies.
Target Information
Autoliv, Inc. is a global leader in automotive safety systems, renowned for its advanced airbag technology and comprehensive safety solutions. The company, listed on both the New York Stock Exchange and Nasdaq Stockholm, operates through a network of subsidiaries and joint ventures, with more than 72,000 employees across 27 countries. In 2017, Autoliv reported sales of approximately $10.4 billion, reinforcing its position as a significant player in the automotive safety market.
The company has established 23 technical centers in various countries, equipped with 19 test tracks, making it the largest automotive safety supplier in terms of research and development facilities.
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Industry Overview in China
The automotive industry in China is undergoing rapid transformation, particularly in the realm of advanced driver assistance systems (ADAS). With the increasing demand for safety features and autonomous driving c
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Autoliv
invested in
Geely
in 2018
in a Joint Venture deal
Disclosed details
Revenue: $10,400M