“The Continental Group is committed to developing and building the environment needed for driving in the future. We value innovation and spend on R&D expenditures increases year by year, exceeding 2.8 billion Euros in 2016. We have continued to expand our R&D network globally. Undoubtedly one of the most important parts of it.†said Kurt Lehmann, chief technology officer of Continental Group. “The automotive industry in western China is in the process of rapid development. Chongqing is the most important automobile industry in the western region. A few weeks ago we held the opening ceremony of Huayu Continental Automotive Braking System (Chongqing) Co., Ltd., which we celebrate today. The construction of the Chongqing R&D Center broke ground, which is an important measure for the mainland Group to continuously deepen its strategy of “growing the market and serving the market.†The new Chongqing R&D center will enhance the mainland’s R&D capabilities and help us build closer customer relationships. The demand for the rapid development of China's auto market.†Mr. Tang En, President and CEO of Continental China, said. The car of the future may be electrically driven, fully interconnected and able to drive automatically. China's auto industry is also transforming in this direction and has quickly led the market in some areas. Continental’s recent investment in western China will further consolidate local R&D capabilities to meet future driving demand while creating closer customer relationships with local customers. In addition to supporting local economic development, attention to education is also a long-term commitment of the Continental Group to society. Believing that knowledge is power and that love conveys great dreams, Continental Group continues to promote the library project launched in 2013. More than a dozen volunteers from the Continental Group were located in a remote, impoverished area in Chongqing, a four-hour drive away from Chongqing’s urban area. It brought away more than a thousand books and added new desks, chairs and bookcases. The library filled with new books and the innovative Lego curriculum have broadened the children's horizons and imagination. Here, the children and volunteers spent a wonderful and warm time together. Supporting children’s education is a long-term commitment of the Continental Group. Mainland China has donated more than 7,000 books in China, benefiting nearly 10,000 students.
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Continental Group China Chongqing R&D Center Foundation
The international technology company Continental Group held a groundbreaking ceremony for its new R&D center in Chongqing. This R&D center is dedicated to the development of automotive electronic product applications, new energy automotive and industrial applications and solutions. It has electronic design, mechanical design, system requirements development, software development, and corresponding system and product testing capabilities. The Chongqing R&D Center invests RMB 280 million. The first phase of the project covers an area of ​​15,000 square meters and is expected to be put into use by the end of 2018. By 2020, the number of engineers in R&D centers will reach 400, and it is expected to grow to 1,000 by 2025.