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Conti switches to autopilot
Everything is new at Continental: The Supervisory Board approves the next phase of the strategic realignment. The area of systems for driver assistance and automated driving will be managed as an independent “Autonomous Mobility” business area from 2022.
Conti switches to autopilot
The Supervisory Board of Continental AG has approved an important next phase of the strategic realignment of the automotive supplier, which now calls itself a mobility supplier. He supports the future organizational realignment of the business with systems for driver assistance and automated driving. From January 1, 2022, it will be elevated to an independent “Autonomous Mobility” business area within the Automotive Technologies division. Today's Advanced Driver Assistance Systems (ADAS) business unit forms its core.
"We are implementing our strategy resolutely. We are consistently investing in our growth areas and future technologies, seizing market opportunities, increasing our ability to react and creating more transparency," explained Continental CEO Nikolai Setzer. He added: "The market in the area of autonomous mobility will more than double in the next three years. In line with the high strategic importance of the technologies required for this and their promising growth prospects, we are creating new structures for their research, development and industrialization that sharpen this focus. In addition, we are enabling all business areas to have additional freedom to concentrate even more closely on their core areas."
“High market dynamics”
On the occasion of the publication of the preliminary annual figures on March 9, 2021, the company had already announced that it would spend around 200 to 250 million euros additionally on the development of its technologies for assisted and autonomous driving this year alone. Goal: Powerfully and consistently convert the attractive, additional opportunities resulting from the high market dynamics into profitable growth. Setzer said: “We
already have a strong position in this area. We are continuing to expand this comprehensively, giving our activities in this area a strong boost and increasing the speed at which we move as a top team in the autonomous mobility market. At the same time, we are opening ourselves up even more to possible large-scale collaboration with technology partners and start-up companies. Because global technology leadership for assisted and automated driving is and remains our goal.”
In the years 2018 to 2020 alone, Continental has already received customer orders worth more than 9 billion euros worldwide in this area. The mobility supplier intends to increase this level significantly, because the value of Continental's potential delivery scope will grow many times over in the coming years as the level of vehicle automation increases.