Seat belts factory

Automotive safety system maker Autoliv Inc Friday said it has begun construction of a factory to make seat belts in Nanjing, replacing an existing plant in the city.

The first phase of the new plant will be around 66,000 square meters, about 50 percent larger than the current plant, the company said in a statement. It's expected to cost around $10 million.

The existing plant makes seat belts for major vehicle companies in China, including Shanghai Volkswagen, Shanghai General Motors, Dongfeng Peugeot Citroen, Chery, Geely and SAIC, Autoliv said.