Core Viewpoint - Continental Group is restructuring its automotive business by spinning off its subsidiary under the new brand "AUMOVIO" to operate independently starting September 1, 2025, in response to market pressures and to enhance its competitive positioning in the automotive technology sector [1][2]. Group 1: Company Strategy - The spin-off of AUMOVIO is a significant structural reform for Continental Group, aimed at addressing the dual pressures of global supply chain disruptions and increasing competition from Chinese firms in smart driving and software-defined vehicles [1][2]. - AUMOVIO will focus on a full-stack business model encompassing electronic and electrical architecture, smart cockpits, braking and chassis systems, autonomous driving, and software platforms [1]. Group 2: Financial Goals - AUMOVIO plans to achieve an independent listing by September 2025, with a target of maintaining an adjusted profit margin of 6% to 8% while scaling its operations [2]. - The restructuring is also a response to market skepticism regarding Continental Group's profitability, as the company aims to prepare for future industry competition [2]. Group 3: Market Challenges - The success of AUMOVIO's listing and its financial performance will depend on the recovery of global capital market valuations for automotive technology companies and the competitive pressure from domestic Tier 1 companies in China [2][3]. - Continental Group is gradually divesting non-core assets and focusing on its dual main businesses of tires and automotive technology, making AUMOVIO a potential growth engine for the next decade [3].
大陆集团拆分汽车业务,“欧摩威”9月独立运营并筹备上市
Jing Ji Guan Cha Bao·2025-08-17 02:35