CHONGQING – Continental broke ground for its new R&D Center here on June 8 that will focus on electrical, mechanical and system requirement engineering, software development and test capabilities for automotive electronics applications, new energy vehicle and industry business sectors.
With an investment of ¥280 million, the Chongqing R&D Center covers an area of 15,000 square meters as phase I which is scheduled to be put into operation by the end of 2018. It’s expected to create jobs for 400 engineers until 2020 to be increased to 1,000 by 2025. It further strengthens local R&D capability to better serve local customers.
“Continental is focused on developing and shaping the environment of future mobility through addressing more importance on innovation by increasing our R&D expenses, which achieved a year-on-year rise to more than €2.8 billion in 2016. We are expanding our worldwide network of its research and development center, in which China definitely is one of the most important parts,” said Continental’s Corporate Technology Officer, Kurt Lehmann.
“Automotive industry has been developing rapidly in Western China. Chongqing is the most important automotive city in this region. A few weeks ago, we held the opening ceremony of Chongqing Huayu Brake Systems (Chongqing) Co., Ltd. and today we celebrate the new R&D Center groundbreaking, which again shows our confidence and commitment of in the market for the market’, to be close to customers and satisfy the fast growing demand from the Chinese market. Chongqing R&D Center will help us forge even closer links with our customers,” said Enno Tang, president and CEO of Continental China.
Continental’s latest investment in this new R&D Center in West China further consolidate its local innovative competence to meet the requirements of future mobility, at the same time builds closer bonds with local customers.
So far, Continental has expanded its presence in 27 production locations and 17 R&D centers, representing a workforce of over 25,000 in China.