Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleAutoliv and Hangsheng Electric plan a joint venture to produce safety electronics for the Chinese market, aiming for regulatory approval by 2026.
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.
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.
"Together, we will advance automotive safety technologies by bringing new innovations and efficiency together," it said in a statement.
"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)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific task, sharing profits, losses, and control over the project.
Automotive safety technologies are innovations designed to enhance vehicle safety, including systems that prevent accidents, protect occupants, and improve overall vehicle performance.
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