STOCKHOLM, SWEDEN - Autoliv Inc. has won the prestigious 2009 “Supplier of the Year” award from Chery Automotive.

Chery Automotive, one of the top 10 automotive original equipment manufacturers (OEMs) in China, made the announcement during their annual supplier meeting held in Dalian, China. The award was made to Autoliv Vehicle Safety Systems (ACS) of Shanghai, China, in recognition for their excellent performance in quality, delivery and overall commercial and project development.

“We are very honored for this recognition by Chery for our accomplishments in China," says George Chang, president of Autoliv China. “This is a testament of the dedication and teamwork of our skilled associates at ACS."

Autoliv develops and manufactures seatbelts, along with frontal and side airbags, steering wheels and safety electronics to Chery for the local Chinese and export markets.

“This award is an important acknowledgement of us being the leading automotive safety supplier to the local market in China," says Jan Carlson, president and chief executive officer of Autoliv. ”China now represents almost 10% of our company sales and we are quickly approaching 30% market share in China for our core products of seatbelts and airbags."