In November 2012, Anhui Provincial Department of Commerce, according to sources, the Continental tire in Wuhu additional $ 150 million investment, mainly produces automotive touch, air conditioning, automotive displays and instrumentation and other parts, while the German headquarters of plate production line moved Wuhu, all future sales in China will be in the production of plaques.
It is reported that the German Continental Tire will establish the Continental Automotive Body Electronic System (Wuhu) Co., Ltd. in the Wuhu Economic and Technological Development Zone. The project has a total investment of 150 million U.S. dollars and contracted foreign investment of 50 million U.S. dollars This is the second project invested by German Continental Group in Wuhu, and its annual sales revenue is expected to reach 5 billion yuan. At this point, the German Continental Group has invested in four projects in our province, with a total investment of 610 million U.S. dollars and contracted foreign investment of 220 million U.S. dollars.
Continental Group was founded in 1871 and is headquartered in Hanover, Germany. It is the third largest tire manufacturer in the world and the largest auto parts supplier in Europe.
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