Continental, the German auto parts company, announced that the company has decided to develop auto parts production in China.
Continental's subsidiary, Continental Teves, is preparing to cooperate with SABC in Shanghai to produce brake systems for cars.
Eurol will invest 18 million euros in the construction of a joint venture plant.
Continental plans to use this new joint venture to produce braking system components for Volkswagen. With this new joint venture plant, together with a company that already has an electronic brake system for Continental Davis, the company can become a complete brake system supplier in China.
Continental's subsidiary, Continental Teves, is preparing to cooperate with SABC in Shanghai to produce brake systems for cars.
Eurol will invest 18 million euros in the construction of a joint venture plant.
Continental plans to use this new joint venture to produce braking system components for Volkswagen. With this new joint venture plant, together with a company that already has an electronic brake system for Continental Davis, the company can become a complete brake system supplier in China.
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