Key Safety opens r&d center to develop collision avoidance technology
U.S. airbag maker Key Safety Systems has opened a technical center in the east China city of Suzhou to develop collision avoidance systems using cameras and radar.
Key Safety, of suburban Detroit, is a major producer of airbags, seat belts, steering wheels and related electronics. As the global market for active safety systems grows, Key Safety is expanding into that segment.
"Key Safety has experienced rapid growth in China," Walt Song, general manager of the company's Suzhou facility, said in a statement. "We appreciate the confidence our customers have placed in Key Safety and we are excited to serve them with our expanding active integrated product portfolio."
The company has 5 main technical centers in the United States, Germany, China, Japan and South Korea.
Last August, Key Safety was acquired by FountainVest Partners, a Hong Kong private equity firm, for a price that reportedly ranged from $700 million to $800 million (4.3 billion to 4.9 billion yuan).
"Key Safety has experienced rapid growth in China," Walt Song, general manager of the company's Suzhou facility, said in a statement. "We appreciate the confidence our customers have placed in Key Safety and we are excited to serve them with our expanding active integrated product portfolio."
The company has 5 main technical centers in the United States, Germany, China, Japan and South Korea.
Last August, Key Safety was acquired by FountainVest Partners, a Hong Kong private equity firm, for a price that reportedly ranged from $700 million to $800 million (4.3 billion to 4.9 billion yuan).
