· Continental Group and China Unicom Technology Network celebrated the formal establishment of its joint venture company

October 19, 2017. The technology company Continental and China Unicom Group's wholly-owned subsidiary Unicom Zhiwang Technology Co., Ltd. (hereinafter referred to as "Zhiwang Technology") at its second global car networking and IoT operator summit for its newly formed joint venture company Lu Intelligent Transportation Technology (Shanghai) Co., Ltd. (hereinafter referred to as “Lianlu Intelligent Transportation”) held a grand opening ceremony. Mr. Tang En, President and CEO of Continental China, and Mr. Jiang Zhengxin, Senior Vice President of China United Network Communications Group Co., Ltd. attended the event. The two parties signed a strategic joint venture contract on the first day of the International Automobile Industry Exhibition on April 19, 2017. After half a year of preparation, they received strong support from relevant government departments and formally announced the establishment of the joint venture company.
Today's automotive industry is undergoing an unprecedented transformation, and the major trends of automated driving, electrification, and intelligent networking are leading the development of the automotive industry in the future. With the development of intelligent networked vehicles, the demand for data and software services will become higher and higher. The establishment of Lianlu Intelligent Transportation is an important milestone in the development of Continental's intelligent transportation system business in China. It will provide customized networked vehicle products and services for the Chinese automotive market to meet the growing market demand. We believe that the establishment of the new joint venture will accelerate the development of connected cars and mobile travel services in China, and further promote the development of the future car," said Mr. Tang En, President and CEO of Continental China.
Mr. Jiang Zhengxin, Senior Vice President of China United Network Communications Group Co., Ltd. said: “China Unicom established a strategic partnership with the Continental Group in 2011. After a long period of integration, it officially established Lianlu Intelligent Transportation Technology (Shanghai) Co., Ltd. We hope that the new The established joint venture company can take advantage of the international advantages of Continental Group and China Unicom's core service capabilities, actively deploy the international market, build an integrated service capability at home and abroad, and provide software and hardware integration solutions and operational services in autonomous driving and intelligent transportation. The field has become a leading international technology service company."
Lianlu Intelligent Transportation Technology (Shanghai) Co., Ltd. is jointly invested by Continental Group and China Unicom Zhiwang Technology Co., Ltd., each holding 50% of the shares, located in Shanghai Hongqiao Business District. Lianlu Intelligent Transportation is committed to building a world-class ITS platform to provide convenient mobile travel services for the fast-growing Chinese market.
Continental is committed to developing innovative technologies and services that provide sustainable connectivity and transportation solutions for people and their goods. Founded in 1871, the technology company Continental provides safe, efficient, intelligent and affordable solutions for the vehicle, machinery, transportation and transportation sectors. In 2016, Continental Group's sales reached 40.5 billion euros. The Group currently employs more than 230,000 people worldwide in 56 countries and territories. Since its official start in the Chinese market in 1994, Continental has served as a major automaker in various automotive segments. At the same time, Continental also develops and produces materials, functional components, components and systems that are widely used in rail transit, machinery, engineering, mining and other important industrial sectors. At present, Continental has a total of 27 production bases and 17 R&D centers in China with more than 25,000 employees. Continental Group's five business divisions provide customized solutions for the Chinese market.
Unicom Zhiwang Technology Co., Ltd. is a wholly-owned subsidiary of China Unicom. It was established in August 2015 with a registered capital of 170 million yuan. It is headquartered in Beijing and has jurisdiction over Northeast China, East China, Central China, South China, Southwest China and Northwest China. The large-scale company is fully serving 55 domestic and foreign automakers. The number of connected vehicles exceeds 9 million, and the market share has reached 70%. It has the largest number of domestic contracted vehicles, the highest market share, and the richest service operation experience. The most comprehensive range of professional companies. Unicom has long been committed to automotive informatization, focusing on platform construction and application, specialized integrated information solutions, call centers and online portals, relying on China Unicom's advantageous network and information resources, and relying on rich project experience and excellent technology. The capability and operation team provides integrated and differentiated products and services to the global automotive industry users through a professional automotive information platform, providing advanced solutions for the construction of urban intelligent transportation.
Unicom Zhiwang Technology Co., Ltd. is committed to becoming a world-class professional service and operation provider of automotive information technology, based on China and facing the world.

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