Continental and the Chinese city Wuhu reached an agreement for a 33 million euro (262 million yuan) plant which will manufacture infotainment components.
The plant will be owned by Continental’s Interiors division and will spread on a 120,000-square-meter area. The company also plans to expand with extra 10,000 square meters a plant in the Jiading industrial zone of Shanghai. The new plant, in which Continental invested 262 million yuan, will feature tooling for the production of door control units, power window lifters, climate-control systems, circuit board assemblies for instrument clusters and faceplates.
Continental is continuously expanding in China and shows its strong commitment to the country’s market. In 2010 the company opened the Jiading plant to create products for Continental’s three automotive divisions: Chassis & Safety, Powertrain, and Interior. Together with its partner Jiading Industrial Zone, the company invested around €13.3 million.
“The opening of the new cutting-edge facility in our Jiading plant will also further enhance Chassis & Safety division’s production capacity there and better support us in order to achieve our division’s worldwide sales target of 33 percent in Asia by 2015,” said Dr. Ralf Cramer, President of Chassis & Safety Division of Continental.