Continental Group's achievements in 2010

2010 was a memorable year for German Continental Group, the official implementation of the follow-up cooperation plan with strategic partners, new breakthroughs in production capacity, and continuous development of new technologies... Let us look back at the Continental Group this year.

Continental Group Shanghai Jiading New Factory Opens Production of Three Major Products

On December 3, 2010, Continental Group announced the opening of a new plant in mainland Jiading, China, "Mainland Automotive Systems (Shanghai) Co., Ltd.". The new plant will produce the company's three major products, including the electronic brake system and hydraulic electronic control unit of the chassis and safety systems department, the body electronics module and instrumentation components of the body electronics system, and the thick film of the powertrain system department. Substrate and so on. By 2015, the new plant will produce 7.5 million electronic control units and hydraulic electronic control units, 3 million printed circuit boards for instrument clusters, 5 million gated modules and gateways, and 2 million thick film substrates. The product line can be applied to various grades of vehicles and is mainly supported by many automobile manufacturers in China, Japan, Korea and Europe.

Continental Increases Tire and Light Truck Tire Prices in Asia Pacific

In response to the dramatic increase in the price of natural rubber, the main raw material for tires, Continental AG decided to increase the prices of summer and seasons for passenger cars and light trucks in the Asia-Pacific substitution market—an average increase of 5%. The new price will be December 1, 2010. Be implemented. The tire price increase involves all the German and Continental Group tire brands (including German brand tires).

Continental Group and China Unicom Strategic Cooperation

In November 2010, China Unicom and Continental Automotive Asia Pacific Management (Shanghai) Co., Ltd. signed a strategic cooperation framework agreement in Shanghai. According to the agreement, the two parties will further strengthen cooperation in the telematics business field and recommend the on-board computer systems that use mature wireless communication technologies to Chinese users.

ContiTech Acquires Chinese Equity Interest in Ningbo Joint Venture

ContiTech, a subsidiary of the Continental Group, announced in August 2010 that it will acquire Chinese equity in ContiTech Jaguar Drive Systems Co., Ltd., a joint venture in China, thereby taking over the joint venture and planning to expand this manufacturing base. Previously, ContiTech held a 60% stake in the joint venture and Ningbo Jaguar Group held a 40% stake. ContiTech Jaguar Transmission System Co., Ltd. will be renamed ContiTech Power Transmission System (Ninghai) Co., Ltd.

Continental Group's Body Electronic Systems Division introduces the latest technology in Shanghai

On August 5, 2010, the Automotive Electronics Division of the Continental Group held a media roundtable conference in Shanghai. This was the first time that the Automotive Electronics Division of the Automotive Electronics Department, established after the acquisition of Siemens VDO by the Continental Group, focused on the media in China. At the conference, the four business units of the Automotive Electronics Division of the Continental Group - instrumentation and human-machine interfaces, infotainment and intelligent communications, body and safety, commercial vehicles and aftermarket and service - introduced their main or latest technologies respectively.

Continental Group's EBIT exceeded the same period in 2008 during the first half of 2010

Continental Group's operating profitability (EBIT) in the first half of 2010 exceeded the level before the economic crisis in the first half of 2008. As the automotive market continues to recover and the economic capabilities of operating businesses continue to increase, the multinational auto parts supplier has achieved more than 1 billion euros in operating profit (EBIT), exceeding 100 million in the first six months of 2008. EUR.

Continental Group to Expand Procurement of Automotive Electronic Products

Guenter Fella, head of the Purchasing Department of Continental Automotive Systems, said on June 11, 2010 that Continental Group purchased 9.1 billion U.S. dollars worth of raw materials, auto parts and electronic systems products from 4,000 suppliers in 2009. Among them, electronic products account for a quarter. The Group will increase the proportion of automotive electronics purchases in the coming years.

Continental Group has mass production of 60,000 sets of electric vehicle motors annually since 2011

Continental Group announced that its electric vehicle motor products will begin mass production in 2011, and the first prototypes for motor mass production preparations have been in its factory in Gifhorn, Lower Saxony, Germany on May 3, 2010. Put into production. As the world's first supplier of lithium ion energy storage system components, Continental has been producing lithium-ion battery systems for the Mercedes S 400 hybrid car since 2008. From 2011 onwards, the Continental Group will produce the first complete electric powertrain system for standardized production models from European automakers.

Continental's tire supply contract with Volvo Commercial Vehicles will be extended for another three years

Volvo Group Europe has further extended its supply agreement with Continental Truck Tire Company for another three years. According to the latest agreement signed between Continental Group and Volvo Group Europe, the Continental Group will continue to be the supplier of tires for all brands of commercial vehicles of the Volvo Group's European company in 2010-2012. This supply relationship may continue after 2012.

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