STOCKHOLM, Dec. 12, 2024 — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), a global leader in automotive safety systems, today announced a new strategic partnership with Jiangling Motors Co., Ltd (JMC), a prominent Chinese automaker, and Autoliv (Shanghai) Management Co., Ltd to drive innovation and support global growth.

JMC is a major player in China’s commercial vehicle sector and a rising force in passenger vehicles. Autoliv has been a seatbelt supplier to JMC since 1997.

This strategic collaboration aims to combine the companies’ strengths to expand their global reach. Improved supply chain efficiency and modularization are expected to unlock new global market opportunities.

“This strategic partnership underscores Autoliv’s commitment to building enduring relationships with key industry partners like JMC. Together, we will advance automotive safety technologies, introducing innovative solutions that redefine safety and comfort for drivers and passengers worldwide,” stated Sng Yih, President, Autoliv China.

The collaboration will focus on research and development of cutting-edge safety technologies to meet future market demands. This emphasis on innovation aims to enhance the competitiveness of automotive products, providing drivers globally with safer and more comfortable driving experiences.

“JMC is pleased to strengthen our collaboration with Autoliv,” added Pinghui Li, General Manager, New Business, JMC. “Our shared commitment to safety and innovation is a perfect fit, and we anticipate exploring new opportunities in the automotive industry through this strategic alliance.”

Inquiries:
Media: , Gabriella Etemad, Tel +46 (70) 612 64 24, Emelie Ericson, +46 (70) 957 81 35
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the global leader in automotive safety systems. Our group companies develop, manufacture, and market protective systems, including airbags, seatbelts, and steering wheels, for major automakers worldwide, as well as mobility safety solutions such as pedestrian protection, connected safety services, and safety solutions for powered two-wheeler riders. At Autoliv, we challenge and redefine mobility safety standards to deliver leading, sustainable solutions. In 2023, our products saved an estimated 35,000 lives and prevented over 450,000 injuries.

Our 70,000 employees across 25 countries are passionate about our vision of Saving More Lives, with quality at the core of our operations. We drive innovation through research and development at our 14 technical centers, equipped with 20 test tracks. 2023 sales totaled US $ 10.5 billion. For more information, visit .

Safe Harbor Statement

This report contains forward-looking statements, not historical facts, as defined by the Private Securities Litigation Reform Act of 1995. These statements address activities, events, or developments that Autoliv, Inc. or its management anticipates. All forward-looking statements are based on our current expectations, various assumptions, and third-party data. While made in good faith and with a reasonable basis, there’s no guarantee they will materialize. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, and factors that could materially affect actual results. These include general economic conditions and automotive market fluctuations. We claim the safe harbor protection for forward-looking statements under the Private Securities Litigation Reform Act of 1995 and assume no obligation to update these statements, except as legally required.

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