- In March 2024, Dow introduced a groundbreaking polyolefin elastomer (POE) solution for artificial leather, catering to the automotive industry's rising demand for animal-free leather alternatives. This innovative material addresses the need for more sustainable options in automotive manufacturing. Dow's partner, HIUV Materials Technology in China, has successfully commercialized this POE-based leather substitute, and it has received endorsement from an electric vehicle manufacturer, who has incorporated it into their automotive seating applications, marking a major advancement in eco-friendly vehicle interiors
- In October 2023, Asahi Kasei made a strategic investment in NFW (Natural Fiber Welding), a USA-based startup specializing in leather alternatives made from non-petroleum sources. This move is part of Asahi Kasei's medium-term growth strategy and aims to support global automotive OEMs in reducing their environmental footprint. The investment, in collaboration with Sage Automotive Interiors, a subsidiary of Asahi Kasei, emphasizes the company’s commitment to developing sustainable materials for automotive interiors, further enhancing the industry's shift towards greener solutions
- In June 2023, Autoliv announced plans to launch its first motorcycle airbag in 2025. This innovative bag-on-bike airbag will be introduced in the first quarter of 2025, expanding Autoliv’s product portfolio beyond traditional automotive safety systems. This launch reflects the company's continued commitment to advancing safety technologies for various transportation modes, including motorcycles, enhancing rider protection
- In October 2022, Lear introduced ReNewKnit, a sueded material made from 100% recycled plastic bottles, designed for automotive seating and door panels. Collaborating with a prominent global automaker, this sustainable material is spun from polyester yarn and features a foam-free, recycled fleece backing, which contributes to reducing both water and energy consumption during manufacturing
- In November 2021, Lear acquired InTouch Automation to strengthen its seating production capabilities and support its Industry 4.0 strategy. This acquisition enables Lear to integrate advanced automation technologies into automotive seat manufacturing, enhancing production efficiency and positioning the company for future growth in the competitive automotive market
