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Accelerating West China, Continental Builds New Plant in Chongqing with HASCO

Jun 9, 2015

  • Continental hosts Continental Huayu Brake Systems (Chongqing) Co., Ltd. signing ceremony at 2015 Global Automotive Forum in Chongqing, following customers’ step to go West China.
  • Sichuan-Chongqing region has become the core drive of the West China’s automotive industry. The Chongqing new plant will serve as a brake systems production base to satisfy growing demands from China car market.

Chongqing, China, June 9, 2015. Continental, a leading international automotive supplier, continues its investment in China under the strategy of “in the market, for the market “to be close to the customers and satisfy the fast growing demand from the Chinese market. During the 2015 Global Automotive Forum, Continental officially announced the kick-off of the new Chongqing plant partnered with HUAYU Automotive Systems Co., Ltd. (HASCO) at the signing ceremony, with the attendance from Continental senior executives and HASCO officials.

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Named as Continental Huayu Brake Systems (Chongqing) Co., Ltd., the new plant located at Yufu Industrial Park in Chongqing Liangjiang will cover an area of over 80,000 square meters and invest over 600 million RMB in the first phase. The new plant is expected to start production in the autumn of 2016, and in the first phase it will hire more than 600 employees. It will mainly produce automotive brake assemblies, including brake calipers, vacuum boosters and electric parking brakes and become the advanced position for Continental to serve the development of the West China auto industry.

Dr. Ralf Cramer, Member of the Executive Board of Continental, President and CEO of Continental China said: “The investment in a new plant in Chongqing is another milestone for Continental in China. It is expected that by 2020 China will reach more than 30 million light vehicle production and meanwhile the West China market represented by Sichuan-Chongqing region grows fast in the automotive sector. Our goal of ‘localize the value chain’ guides us to meet the market demand with domestic production, and continue to go west with our customers followed by the ‘in the market, for the market’ strategy. The construction of the Chongqing plant will bring more energy and vitality to the China auto industry especially in West region.”

Matthias Matic, Executive Vice President of Continental’s Hydraulic Brake Systems Business Unit, added: “We pioneered in entering the Chinese market in 1994. In the past 20 years, we have continually strengthened our China’s business as well as expanded the investment. By doing so, automotive brake technologies such as the electric parking brake, have become the mainstream configuration in the Chinese market. Through the new plant in Chongqing, we look forward to offering more advanced and safer hydraulic brake products for the China market to support our customers’ business in the West.”

Established in China since 1994, Continental is one of the leading automotive suppliers with 25 manufacturing locations, 15 R&D centers and over 23,000 employees in this growing market. The company has accelerated its presence in different regions of China, which not only marks Continental’s confidence in the development prospects in China, but also underlines its strong commitment to the Chinese market. Continental is fully prepared to meet China market needs through customized solutions and products to support “Chinese Dream” which reflect the five megatrends of mobility in China – Urbanization, Safety & Health, Environmental Protection, Individual Mobility and Information Society.

Contact:

Geri Fu

C&S Communications China

Continental Automotive Holding Co., Ltd                

538 Dalian Road, 200082

Shanghai, P. R. China

Phone: +86 21 6080 3000-3057

Fax: +86 21 6080 3268

E-mail: mengxing.fu@continental-corporation.com


Tina Chen

Head of Communications China

Continental Automotive Holding Co., Ltd                

538 Dalian Road, 200082

Shanghai, P. R. China

Phone: +86 21 6080 3000-4551

Fax: +86 21 6080 3268

E-mail: tina.chen@continental-corporation.com


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