06:33 AM EDT, 10/09/2025 (MT Newswires) -- Autoliv ( ALV ) said Thursday it intends to form a joint venture with Hangsheng Electric to develop and manufacture advanced safety electronics for the Chinese automotive market.

The joint venture is expected to be formally established in Q1 2026, the company said.

Autoliv ( ALV ) said it will hold a 40% stake in the joint venture, while Hangsheng Electric will hold the remaining equity.

The joint venture will focus on Hands-On Detection, Pre-pretensioner mechatronic integration, and Electronic applications for seatbelt systems and driver units, Autoliv ( ALV ) said.