Autoliv Inc.

Company Profile

■URL

https://www.autoliv.com

■Address

Klarabergsviadukten 70, Section B7, SE-111 64, Stockholm, Sweden

Business Overview

-The Company is a leading developer, manufacturer and supplier of passive safety systems for the automotive industry. Its products include airbag systems, seatbelts, steering wheels, inflators and battery cut-off switches. It has also expanded its offerings to include mobility safety solutions such as pedestrian protection systems, connected safety services and safety solutions for two-wheeled riders.

-Autoliv was created from a merger in 1997 between the Swedish company Autoliv AB and the American company Morton ASP.

-As of December 2022, the Company is the market leader in automotive passive safety components and systems with a global market share of 43%. By specific product groups, the Company has a global market share of 37% in steering wheels, 45% in seatbelts, and 44% in airbags.

-In June 2021, the Company announced its commitment to becoming carbon neutral in its own operations by 2030 and achieving net-zero emissions across its supply chain by 2040, becoming the first automotive safety supplier to commit to these goals.

Competitors

-Ashimori Industry
-Hyundai Mobis
-Jinheng
-Joyson Safety Systems
-Nihon Plast
-Tokai Rika
-Toyoda Gosei
-ZF
-
Samsong
-Chris Cintos de Seguranca
-Yanfeng

Shareholders

-The Company is listed on the New York Stock Exchange and Stockholm Stock Exchange. (As of Dec. 31, 2022)
Major Shareholders Shareholding (%)
Cevian Capital AB 10.8
Alecta Pension Insurance Mutual 7.5
AMF Tjänstepension AB 6.3
Others 75.4
Total 100.0

Products

Airbag systems
-Driver airbags
-Passenger airbags
-Knee airbags
-Anti-sliding airbags
-Side-curtain airbags
-Side airbags
-Rear passenger airbags
-Front center airbags
-Thorax bags
-Head-thorax bags
-Door mounted inflatable curtains
-Pelvis and thorax bags
-Far-side airbags
-Bag-in-belt airbags
-Life cell airbag
-Airbag textiles and webbing

Child restraints
-Integrated child booster cushions

Inflators
-Pyrotechnic airbag inflators
-Stored gas airbag inflators
-Electrical initiators
-Micro gas generators
-Hybrid inflators

Steering wheels
-Fixed-hub steering wheels with optimized airbags
-Steering wheels with electrical motor for vibration
-Steering wheels with heated rim
-Steering wheels with leather or wood trim
-Steering wheel skeletons

Seatbelt systems
-Belt grabbers
-Belts-in-seat
-Buckles
-Height adjusters
-Load limiters
-Mechanical pretensioners
-Electronic pretensioners
-Retractors
-Smart belts
-Trunk belts
-Supplemental belts

Pedestrian protection
-Pyrotechnic active hood-lifters
-PPA: Pedestrian Protection Airbag

AWS: Anti-whiplash systems

Additional safety features
-Battery disconnect safety switches
-Pyro safety switches
-Automatic bolt release systems
-Integrated child booster seats

Torricelli brake

History

1956 Autoliv AB started its seat belt operations.
Oct. 1996 The Company, Autoliv Inc. was started as a merger of Europe's leading automotive safety company, Autoliv AV of Sweden, and Morton ASP (Automotive Safety Products), the leading airbag manufacturer in North America and Asia.
1997 Acquired one of its main suppliers, Marling Industries Plc and its subsidiary Van Oerle Alberton, the world leading producer of seat belt webbing.
1998 Acquired Nokia's 50% interest in Autoliv-Nokia and Nokia's automotive related business.
Acquired Sagem's 50% interest in Sagem-Autoliv, the other joint venture for electronics.
Acquired most of the assets of Sensor Technologies, a Japanese airbag and airbag sensor manufacturer.
Production of steering wheels began in the United States.
Oct. 1999 Purchased a 49.5% interest in the Estonian company Norma AS, the dominant seat belt supplier to the Russian car industry, and received an option to increase its Norma holding to 51%.
1999 New plants were completed in Argentina, Canada, Poland, Turkey and Tunisia.
Construction of a new technical center was completed in Japan.
Jan. 2000 Acquired from Izumi 99% of Japan's second largest steering wheel business.
Apr. 2000 Acquired the North American seat belt operations of NSK with a 40% interest in NSK's Asian seat belt operations.
May. 2000 Acquired OEA, the Company's main supplier of initiators for airbag inflators.
Oct. 2000 Announced that it has completed the sale of its U.S. leadwire business to Tyco Electronics Corporation, a unit of Tyco International Ltd.
Nov. 2000 Established a new venture, Autoliv Mando Corporation, with Mando Corporation, a leading Korean auto parts supplier. The Company holds 65% of the shares.
April 2002 Has acquired the Restraint Electronics Business of Visteon Corporation, a leading full-service supplier to the automotive manufacturers.
Sep. 2002 A new company will be formed as a joint venture between the Company (59%) and Maw Hung Industrial Corporation (41%) in the city of Changchun, China.
Apr. 2003 Has acquired the remaining 17% of the shares in Livbag, Europe's leading producer of inflators and initiators for airbag systems.
Jun 2004 Formed a new joint venture company with Maw Hung Industrial Corp.
Dec 2004 Completed an agreement to purchase the outstanding 40% stake in its Chinese airbag company, Autoliv (Shanghai) Vehicle Safety Systems.
Jul.2006 Acquired another 20% of the shares in Nanjing Honggouang-Autoliv Safety Systems Co., Ltd. (NHA)
Jan. 2007 Agreed to buy the remaining 35% of the shares in Autoliv-Mando in South Korea.
Oct. 2007 Agreed to buy 41% of the shares in its 59% held Chinese company Autoliv (Changchun) Maw Hung Vehicle Safety Systems.
Oct. 2007 Agreed to buy the remaining 50.01% of the shares in its Indian joint venture Autoliv IFB Private Limited.
Jul. 2008 Agreed to acquire the automotive radar sensors business of Tyco Electronics Ltd. for 42 million USD.
Nov.2009 Announced to acquire North American passive safety systems assets from Delphi.
Dec.2009 Announced to acquire assets of Delphi's European airbag and steering wheel operations.
Jan.2010 Agreed to buy the outstanding 40% of shares in its Japanese joint venture Autoliv Nichiyu Co., Ltd.
Jan.2010 Announced to acquire Delphi's Occupant Protection Systems (OPS) operations in Korea and China. Existing customers include Hyundai-Kia, Chery and Tata
Mar.2010 Announced that it has acquired Visteon's radar system business.
Apr. 2010 Acquired Delphi's Pyrotechnic Safety Switch (PSS) assets in Europe.
2011 Acquired license related to long-range radar from AXTYS.
2011 Acquired license related to Vehicle vision system from Hella.
Nov. 2011 Announced to acquire the airbag cushion cut & sewn assets from Milliken, a U.S.-based textile and chemical company.
Jun. 2012 Sold its subsidiary "Autoliv Mekan AB" to "Verktygs Allians i Hassleholm AB", a Sweden-based privately held company.
Aug. 2015 Acquired the Automotive Solutions business of M/A-COM Technology Solutions Holdings, Inc.
Apr. 2016 Finalized joint venture with Nissin Kogyo to form Autoliv-Nissin Brake Systems, a brake control systems manufacturer.
Sep. 2016 Signed final agreement with Volvo Cars to form Zenuity, a joint venture designed to develop ADAS and autonomous driving systems.
Apr. 2017 Began operations at Zenuity, a 50/50 joint venture between the Company and Volvo which develops software solutions for ADAS and autonomous driving systems.
Jul. 2018 Completed spin-off of electronics segment as Veoneer, Inc.

Supplemental Information 1