Autoliv becomes “Strategic Supplier” to Great Wall

Autoliv becomes “Strategic Supplier” to Great Wall

(Stockholm, July 24, 2011) - - - Autoliv, Inc. (NYSE: ALV, and SSE: ALIV
sdb) - the global leader in automotive safety - today announced that it
has signed a Strategic Cooperation agreement  with Great Wall Motor Co.,
Ltd., in the area of automotive safety systems. 

In July Autoliv signed a Strategic Cooperation Agreement in the area of
automotive safety with Great Wall Motor Co., Ltd, China's leading SUV
and pickup manufacturer. According to the Agreement, Great Wall Motor
and Autoliv will enhance technical cooperation in the area of active and
integrated safety on top of the on-going cooperation in passive safety.

Autoliv cooperation with Great Wall Motor started in 2003 when Autoliv
developed and supplied seat belt for the Haval SUV. Since then, the
business relationship has grown steadily with Autoliv develops and
supply safety products and system for a host of Great Wall Motor models
such as Florid, Coolbear and Voleex C30. Florid and Coolbear equipped
with Autoliv safety products passed the EC Whole Vehicle Type Approval
in 2009, while the Voleex C30 with Autoliv developed passive safety
system achieved a 5-Star rating in the recent China crash rating program
C-NCAP (China New Car Assessment Program).

“Great Wall Motors adopts a two prong growth strategy by focusing on the
domestic and international market. However the requirements on entering
developed European and North American markets are becoming ever more
stringent in the areas of vehicle safety and emission. The purpose of
signing this Strategic Cooperation Agreement with Autoliv is to enhance
the technical cooperation on active and passive safety ”, said Chairman
of Great Wall Motors Wei Jianjun.

“ Autoliv is proud to be the supplier partner to Great Wall Motor for
many of the current production models as well as new models under
development. This Strategic Cooperation Agreement will elevate our
existing collaborative relationship to a higher level and Autoliv is
excited on the opportunity to work with Great Wall Motor on new and
leading edge of actively safety” said George Chang, President of Autoliv
China.

Inquiries:

George Chang, President Autoliv China, Tel +86 21 6992 8888