Continental and NIO sign strategic cooperation agreement

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  • Collaboration agreed in the areas of fully electric vehicles, intelligent transportation systems and automated driving
  • Continental to supply vehicle technology to NIO’s ES8 electric SUV

Continental has signed a strategic cooperation framework agreement with NIO, a global electric vehicle startup. The two companies will collaborate closely in the field of fully electric vehicles and other relevant fields, including intelligent transportation systems and automated driving, striving to build a stable partnership on a long-term basis. Under the agreement, Continental and NIO will further collaborate on NIO new car platforms. In a first step, Continental will supply vehicle technology such as air suspension systems and tires to NIO’s ES8 electric SUV. Frank Jourdan, Member of the Executive Board of Continental and President of the Chassis & Safety Division, and William Li, founder and chairman of NIO, signed the agreement this Wednesday in Berlin.

“We are excited to be partnering with Continental on a number of projects, including automated driving, charging, and battery technology, to deliver unique services and experiences to our users,” commented William Li, founder and chairman of NIO.

Continental and NIO plan to establish a timely information-sharing mechanism with different levels of communication channels, and regularly carry out technical exchanges to jointly define leading process and quality standards.

NIO and Continental have been cooperating in a number of areas ever since NIO was established in 2014. Continental’s products and services will be used in NIO’s first mass production car, the ES8, which will be launched on the market in 2018. Under the agreement, Continental and NIO will further collaborate on NIO new car platforms. This includes vehicle technologies such as wireless charging, automated driving, digital cockpit, next-generation brake systems and air suspension systems.

Source: Continental

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