Continental announces two major investment projects to accelerate development in China

The world’s leading auto parts supplier German Continental Group is continuously expanding its market in China. Today, Continental Group announced two major projects in China that will accelerate its development in China: the investment of 120 million yuan (about 13.3 million euros) in the newly established factory in the Jiading Industrial Zone will be officially opened in the second phase, with a total construction area of ​​10,000 square meters. At the same time, a second factory will be established in Wuhu. Initially, it will invest 33 million euros (297 million yuan) in the construction of land and factory buildings.

As an important part of Continental's long-term development in the Chinese market, the Continental Group completed the Jiading factory in 2010 to produce chassis and safety systems, powertrain systems, and body electronics systems. Continental Group and Jiading Industrial Zone jointly invested 120 million yuan for the second phase of the plant. After the second phase of the plant is put into operation, it will be mainly responsible for the production of the products of the Body Electronic System Division. The annual production capacity will reach 3.5 million door control units and electric window regulators, and 4.5 million units will be used for combination instruments and center console touch panels. Integrated circuit board with temperature control unit. The second phase of the plant is now in operation, aiming to increase the operating efficiency of the entire plant and maximize its production capacity to meet the growing demand of local and global markets. The current phase I plant will focus on increasing the production capacity of related products in the chassis and safety systems department, making it the largest output of the Continental Group's global chassis and safety systems electronic control system (the new generation MK100 anti-lock control system and MK100 electronic stability control system). The production base.

Dr. Ralf Cramer, President of the Chassis and Safety Systems Division of the Continental Group and member of the Executive Board, stated: “We are committed to the concept of 'safety sharing' through continuous research and development, integration of innovative components and advanced system solutions. The completion of the plant will further increase the production capacity of the Chassis and Safety Systems Department and better support us to provide economic, advanced and customized technical solutions to local and global vehicle manufacturers, so as to achieve the sales of our system department before 2015 in Asia. The target of 33% of global sales."

Harald Lichtinger, General Manager of Continental Automotive Systems (Shanghai) Co., Ltd., said: "With our professional knowledge and global leading production management experience, we would like to thank the Jiading District Government and Jiading Industrial Park for their strong support. The expansion of the Jiading factory will be further enhanced. Improve our production capacity to better serve our local and global customers and provide them with the highest quality products and localized solutions.”

Wuhu new plant will provide solutions for smart cars

Continental Group also officially announced today that it has signed a cooperation agreement with the People's Government of Wuhu City to establish a wholly-owned factory in the Wuhu Economic and Technological Development Zone. Initially, it will invest 33 million euros (297 million yuan) in the construction of land and factory buildings. The new factory is expected to cover a total area of ​​120,000 square meters. As one of Continental's five business divisions, Body Electronics Systems is one of the leaders in the automotive information management market and technology. The products of the Body Electronic System Department can realize the networking of the on-board information system and support a more friendly, more comfortable and smarter driving experience in the future. The new body electronics factory will be dedicated to instrumentation and human-machine interface business.

Mr. Helmut Matschi, president and executive board member of the Automotive Body Systems Division of Continental Group, said: “With advanced technology, outstanding quality and localized research and development capabilities, we offer a variety of integrated solutions to help simplify and optimize information management for body electronic systems. To make driving in the future more comfortable and enjoyable, while satisfying the growing interest and demand of smart cars in China, Asia and even the global market, the Jiading Phase II Plant and the new Wuhu Plant will develop the body electronics business of the Continental Group in the Chinese market. Play an important role."

Mainland China entered the Chinese market in 1994 and is now one of the leading auto parts suppliers. It has 18 production bases and 16,000 employees in the growing Chinese market. Recently, the Continental Group began to accelerate its expansion in different regions in China, including the construction of a new Changchun Phase II plant in October 2011 and the completion of the Nanjing R&D Center for Instrument and Human Interface Interface Units in November 2011, and the December 2011 Wuhu Plant’s Expansion and completion of the Heihe Winter Test Center in February 2012. The continuous investment of Continental Group in China not only marks the confidence of the development prospects of the Chinese market, but also reflects its firm commitment to the Chinese market.

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