Related News
Continental bets on electric cars
Online Edition
CONTINENTAL, a German auto parts supplier, announced last night that it will invest 300 million euros (US$328.44 million) globally on developing technologies related to electric and hybrid vehicles by 2021.
“In 2025, we expect pure electric drive systems account for about 10 percent of auto industry globally, and hybrid drive systems will account for almost 30 percent of the total industry,” said Elmar Degenhart, chief executive officer of Continental.
The company said it will consistently strengthen the growth of business with electric drive systems as the market is growing globally.
Continental has invested a total of 1 billion euros in electrification during past five years. The company expects a growing turnover from 130 million euros today to up to 1 billion euros by 2021.
The company also plans to open up additional business opportunities of 2 billion euros by 2025 with further expenses in research and development of hybrid electric vehicle related technologies.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
