Swedish automotive safety leader, Autoliv, has announced plans to establish a joint venture with Chinese electric vehicle electronics manufacturer, Hangsheng Electric, to produce advanced safety electronics for the Chinese market. The collaboration marks a strategic move by the world’s largest seatbelt and airbag maker to strengthen its foothold in China’s rapidly expanding electric vehicle sector. According to the company, the partnership aims to combine Autoliv’s global expertise in safety systems with Hangsheng’s local manufacturing capabilities and deep understanding of the Chinese automotive landscape.
Under the agreement, Autoliv will hold a 40 percent stake in the new joint venture, which is expected to be formally launched in the first quarter of 2026, subject to regulatory approval from Chinese authorities. The company stated that the partnership is designed to accelerate the development and production of next-generation safety electronics tailored for the growing demand among Chinese automakers. “Together, we will advance automotive safety technologies by bringing new innovations and efficiency together,” Autoliv said in its official statement.
The joint venture will not only cater to customers within China but also serve as a strategic base for supplying safety technology solutions to other global markets. Autoliv explained that the partnership would enhance its capacity to deliver cutting-edge innovations beyond Asia, aligning with its long-term vision of making mobility safer worldwide. The company added that by combining resources and technical expertise, the venture will enhance operational efficiency and strengthen both partners’ competitiveness in the global automotive safety landscape.
Industry observers note that the partnership underscores the growing integration between European and Chinese automotive technology firms amid the global shift toward electric mobility. By deepening its presence in China—the world’s largest automotive market—Autoliv stands to benefit from Hangsheng’s established relationships with domestic carmakers and its growing EV electronics portfolio. Analysts say the move positions Autoliv to play a more influential role in shaping the future of safety technologies in electric vehicles, a key area of innovation as the industry transitions to more autonomous and electrified transportation systems