Continental and China Unicom Smart Connection unveiled the newly formed joint venture
“The automotive industry is experiencing an unprecedented transformation, Major Mega trends like automated driving, electrification and connectivity are shaping the future of mobility,” said Enno Tang, President and CEO of Continental China, “with the development of intelligent connected vehicles, the requirements on data and software services are increasing. The establishment of UCIT is an important milestone for the development of our ITS business in China, and the new company will provide tailor made connected vehicle products and services to satisfy the increasing market demands in China. And we are convinced that the establishment of the new company will accelerate the development of connected vehicles and contribute the future mobility start earlier with us.”
Unicom Continental Intelligent Transportation Technology (Shanghai) Co., Ltd. – jointly invested by Continental and China Unicom Smart Connection with an equal 50 percent share - will be located in Shanghai Hongqiao Business District. It aims to develop and provide ITS solutions and Mobility Services which will better suit the dynamics of the China Market.