Continental Investing 48 Euro Million in Engineering Center in Shanghai

July 11th, 2007

The Automotive Systems Division of Continental AG will build a dedicated, 48 million euro Engineering Center in Shanghai, China. The new Engineering Center will be composed of two facilities: one office site with design and test labs in Yangpu District of Shanghai and the other one with large-scale equipment for bench testing as an extension of the existing Continental Automotive Systems Shanghai facility in Jiading. The Yangpu site will simultaneously serve as the new Asia headquarters of Continental’s Automotive Systems, ContiTech and Passenger & Light Truck Tire divisions. Both facilities will be fully operational at the beginning of 2009 and provide employment for about 450 people with the potential to increase up to 600 by 2011.

Dr. Karl-Thomas Neumann, President of Continental Automotive Systems and Member of the Executive Board, Continental AG, said: “China is playing an increasingly important role in the future development of the global automotive industry. The establishment of a dedicated Engineering Center in Shanghai marks a strategic step towards our goal to be one of the leading automotive suppliers in China.”

Entry Filed under: Test Labs