Continental has formed a strategic joint venture with China Unicom Smart Connection (CUSC), a fully owned subsidiary of China Unicom on the first press day of the Auto Shanghai.
The newly formed JV aims to establish and operate as a world class ITS solution provider to satisfy the increasing market demands in China as this is a very important market for ITS.
Both companies will have equal 50 percent share in the new JV, which will be headquartered in Shanghai. The company – Unicom Continental Intelligent Transportation Technology (Shanghai) Co., Ltd – aims to operate as a world class ITS solution provider to satisfy the increasing market demands in China as already today first ITS orders are coming out of this market.
It will focus on vehicle data services and applications, intelligent vehicle applications as well as connected vehicle software and hardware integration solutions. First products which will be offered in the Chinese Market are services from the vAnalytics product family such as Fleet+, a mobility service product providing end to end on-demand car sharing platform for OEMs, and the TSP2.0 telematics service platform product which through embedded hardware and cloud-based back-end computing, provides vehicle data driven services for OEMs as well as their partners.