XPeng Inc (NYSE:XPEV) affiliate, XPENG AEROHT, and Autoliv China, a division of Autoliv, Inc. (NYSE:ALV), have signed a strategic cooperation agreement.

The agreement is aimed at pioneering safety solutions for future mobility. The parties will collaborate on various initiatives to develop safety solutions for flying cars.

Based on their shared commitment to future mobility safety, Autoliv and XPENG AEROHT will work together on various initiatives to develop safety solutions specifically for flying cars.

"XPENG AEROHT is at the forefront in this field, and we are excited to explore new opportunities for making this new type of vehicle safe. By combining their advanced technology with our expertise in safety solutions, I believe together we can play an important role in making flying cars a reality," said Sng Yih, President of Autoliv China.

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XPENG AEROHT, an affiliate of electric vehicle company XPeng, is involved in flying car innovation in Asia.

Deli Zhao, Founder & President of XPENG AEROHT, stated, "This strategic partnership elevates the relationship between the two parties to a new level, representing a comprehensive upgrade of XPENG AREOHT's supply chain."

Price Action: XPEV shares are trading lower by 0.37% at $8.09 at the last check Tuesday.

Dislcaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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