Autoliv and JMC Form Strategic Partnership for Innovation and Expansion
Rhea-AI Summary
Autoliv (NYSE: ALV) and Jiangling Motors Co., (JMC) announced a new strategic partnership to advance innovation and support global expansion. The collaboration builds upon their existing relationship, as Autoliv has been supplying seatbelts to JMC since 1997. The partnership aims to:
- Leverage both companies' strengths for enhanced global presence
- Focus on R&D for advanced safety technologies
- Create efficient supply chain and modularization opportunities
- Improve automotive product competitiveness
Autoliv, the worldwide leader in automotive safety systems, saved 35,000 lives and prevented 450,000 injuries in 2023 through their products, with sales amounting to US $10.5 billion.
Positive
- Long-term established relationship since 1997 demonstrates stable business partnership
- Strategic expansion into Chinese automotive market through partnership with leading commercial vehicle manufacturer
- Potential for new revenue streams through global market opportunities
- R&D collaboration could lead to innovative safety technologies and product improvements
Negative
- None.
News Market Reaction
On the day this news was published, ALV declined 1.64%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
JMC is a leading company in
The new strategic cooperation aims to leverage the companies' respective strengths and enhance global presence together. Efficient supply chain and modularization are expected to create new global market opportunities.
"This strategic partnership highlights Autoliv's commitment to building long-term relationships with key industry partners like JMC. Together, we will advance automotive safety technologies by bringing new innovations to market that redefine safety and comfort for drivers and passengers globally," said Sng Yih, President, Autoliv China.
The collaboration will focus on research and development to create advanced safety technologies that meet future market needs. The emphasis on innovation aims to improve the competitiveness of automotive products, offering drivers globally safer and more comfortable driving experiences.
"JMC is excited to deepen our collaboration with Autoliv," added Pinghui Li, General Manager, New Business, JMC. "Our shared vision for safety and innovation aligns perfectly, and we look forward to exploring new horizons in the automotive industry through this strategic alliance."
Inquiries:
Media: media@autoliv.com, 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 worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved 35,000 lives and reduced more than 450,000 injuries.
Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to US
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
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Autoliv and JMC Collaborate to Innovate Global Automotive Safety |
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SOURCE Autoliv
FAQ
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