· Continental Group and China Unicom Zhiwang Technology Joint Venture Company were formally established

On October 19, at the 2nd Global Car Networking and IoT Operator Summit, Continental and China Unicom Group's wholly-owned subsidiary, Unicom Zhiwang Technology Co., Ltd. (hereinafter referred to as “Zhiwang Technology”) was newly established. The joint venture company Lianlu Intelligent Transportation Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Lianlu Intelligent Transportation") held an unveiling ceremony. Mr. Tang En, President and CEO of Continental China, and Mr. Jiang Zhengxin, Senior Vice President of China United Network Communications Group Co., Ltd. attended the event.
Mr. Tang En, President and CEO of Continental China, said: “The automotive industry today is undergoing an unprecedented transformation. The driving forces of automated driving, electrification and intelligent networking are leading the development of the automotive industry in the future. With the development of networked vehicles, the demand for data and software services will be higher and higher. The establishment of Lianlu Intelligent Transportation is an important milestone for the development of the Continental Group's intelligent transportation system business in China, which will provide customized services for the Chinese automotive market. Networked vehicle products and services to meet the growing market demand. We believe that the establishment of the new joint venture will accelerate the development of connected cars and mobile travel services in China, and further promote the development of future cars,"
Mr. Jiang Zhengxin, Senior Vice President of China United Network Communications Group Co., Ltd. said: “China Unicom established a strategic partnership with Continental in 2011. After a long period of intensive development, Lianlu Intelligent Transportation Technology (Shanghai) Co., Ltd. was formally established. We hope The newly established joint venture company can take advantage of the international advantages of Continental Group and China Unicom's core service capabilities, actively deploy the international market, build integrated service capabilities at home and abroad, and provide software and hardware integration solutions and operational services in autonomous driving and intelligent The transportation sector has become a leading international technology service company."
According to Gasgoo, at the International Automobile Industry Exhibition, which opened on April 19 this year, Continental and China Unicom have signed a strategic joint venture contract. Now, after half a year of preparation, they have received strong support from relevant government departments. Officially established.
The new company is jointly invested by Continental Group and China Unicom Zhiwang Technology Co., Ltd., each holding 50% of the shares, located in Shanghai Hongqiao Business District. Lianlu Intelligent Transportation is committed to building a world-class ITS platform to provide convenient mobile travel services for the fast-growing Chinese market.

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