OSRAM joint venture with mainland group to accelerate innovation of automotive lighting

OSRAM Continental GmbH, a joint venture established by technology company continental group and OSRAM group, is officially put into operation. After successfully completing all negotiations and obtaining consolidated control documents, the joint venture has been officially established as scheduled in the second half of 2018.

Harald Renner (left), chief financial officer of OSRAM Continental, a joint venture company.

Joint venture company OSRAM Continental chief executive officer Dirk Linzmeier (right) (photo source: OSRAM)

The joint venture company OSRAM Continental GmbH is headquartered in Munich, Germany, and has 16 locations worldwide. It will employ approximately 1500 employees at the initial stage. As planned, the company's headquarters will move to Germany at the appropriate time. The joint venture seeks to achieve annual sales of several hundred million euros. The mainland group and OSRAM group each share 50% of the joint venture, and its earnings will be included in OSRAM group.

Take advantage of each other and make joint ventures.

The automotive lighting market is in the stage of transformation to the development of semiconductor based lighting technology. The importance and influence of software and electronic products are increasing day by day. To this end, the continental group and OSRAM group are working together to develop the most advanced headlights module and tail lighting and interior lighting solutions for automobile manufacturers and auto parts suppliers.

The mainland group and OSRAM group have integrated their advantages to develop the most advanced intelligent headlights, Chao Terua and interior lighting solutions. (source: OSRAM)

The joint venture plans to grow at an annual growth rate of up to two digits over the next five years. The high growth rate is based on the strong growth of the LED market and laser based lighting modules and solutions and related electronic products. Moreover, the first batch of products developed by the joint venture is expected to be put into mass production in 2021.

Speeding up innovation of automotive lighting with cutting-edge technology

The joint venture has upgraded the smart car lighting technology to a new level, and continuously applies digital technology in its automotive lighting solutions to provide intelligent lighting functions for automobiles. OSRAM Continental, a joint venture, is committed to ensuring market penetration of LED technology in all automotive segmentation markets by combining lighting and intelligent electronic products.

The joint venture not only uses software based solutions to create configurable lighting distribution systems, such as anti glare headlights and headlights, but also actively develops intelligent lighting functions. For example, with the help of navigation system and sensor data, future cars equipped with these solutions will be able to send warnings to other road users while driving.

Automobile lighting has stepped up to a new level. Besides anti glare headlights, cars can also send warnings to other road users.

OSRAM Continental, a joint venture between OSRAM group and the mainland group, has further promoted the development of automobile lighting and made it take a new step. It constantly meets people's lighting needs and brings us a brand new era of intelligent lighting.

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