Continental Group continues to strengthen R&D resource construction and deployment, promotes the development of China's western market, and announces plans to build a new R&D center in Chongqing. Continental announced today that it plans to build a new R&D center in Chongqing at the 7th Global Automotive Forum. This R&D center is dedicated to the development of automotive electronics applications, new energy vehicles and industrial applications and solutions, with system requirements development, software development, electronic design, mechanical design and corresponding system and product testing capabilities. The R&D center will have a R&D staff of 400 by 2020, and it is expected that the number of employees will increase to 1,000 by 2025 and is expected to be put into use in early 2018.
Dr. Kang Ruifan, member of the Executive Board of Continental Group and President and CEO of China, said: “The western China automobile industry is in the process of rapid development, and more and more automakers are constantly building factories and R&D centers in the region. The Group's investment in the construction of the Chongqing R&D Center is in line with our strategy of “rooting the market, serving the marketâ€, being close to our customers and meeting the fast-growing needs of the Chinese market. The new R&D center in Chongqing will help us build closer customer relationships.â€
In the past 30 years, China has experienced a transition from Chinese manufacturing to Chinese creation, and innovation has become the key to China's future development. This development is in line with Continental's strategy of implementing openness to open innovation. An important element of Continental's success in China is the localization of the entire value chain including marketing, sales, service, production, product development, procurement and R&D. Strengthening local R&D capabilities and supporting China's business growth is an important part of this. At present, Continental has 16 R&D centers in China, with more than 1,900 engineers, and the number of engineers will double in the next five years.
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