During its meeting yesterday, the Continental AG Supervisory Board agreed upon an “important phase” in the company’s transition from tyre maker to mobility supplier. From 1 January 2022, Continental will elevate its business with systems for advanced driver assistance and automated driving into its own business area within its Automotive Technologies group sector.
Continental is further expanding its non-tyre activities through the acquisition of a minority stake in German-US start-up Recogni. The investment took place as part of the US$48.9 million Series B financing round announced by Recogni on 17 February. Both companies have agreed not to disclose the amount of the holding.
Automotive lighting and electronics supplier Hella is to extend its strategic partnership with AEye, a forerunner in artificial perception systems and the developer of iDAR. The companies are working to deliver customised sensing and perception solutions for advanced driver-assistance systems (ADAS) and automated driving (AD) based on AEye’s iDAR technology.