Continental plans to invest 1 billion euros in China for growth over the next five years

<

According to Reuters, the German supplier Continental Group CEO Elmar Degenhart recently said that the group plans to invest approximately 1 billion euros in China in the next five years to expand its business.

At the recent Shanghai Auto Show , Elmar Degenhart said that Continental plans to increase Asia’s share of its global revenue from 20% to 30% by 2020. From 2010 to 2014, the Continental Group has invested more than 1 billion euros in China.

Elmar Degenhart stated that "predictably, growth will be mainly driven by Asia and North America, especially the Chinese market."

In the media statistics list of the top 100 global parts and components in 2013, Continental Group ranked fourth and its global auto parts sales reached 33.5 billion U.S. dollars.

Commerce Use Room Heating

Commerce Use Room Heating,Commerce Use Room Heater,Commerce Use Portable Heater,Commerce Use Space Heater

Yinchuan Aini Industry And Technology CO.,ltd , http://www.aini-heat.com