Continental is set to start construction of a new $100 million plant in the United States to manufacture advanced driver assistance systems (ADAS).
Construction of the new 20,000 square metre site will take place over the next three years in New Braunfels, Texas.
“Advanced driver assistance systems save lives. Continental is one of the world’s market leaders in this area. We are benefiting from steadily increasing fitment rates in new vehicles. And in the future, too, we are anticipating major growth opportunities,” explained Frank Jourdan, member of the Continental executive board responsible for ‘Autonomous Mobility and Safety’.
He added: “Over the next five years, we are planning further investments in the high triple-digit million Euro range in the areas of assisted and automated driving. The capacity expansion in New Braunfels is part of our growth strategy.”
Groundbreaking is planned for later this year, and scheduled production of driver assistance systems is planned to start in 2021.
Conti said the plant will add at least another 130 new jobs in the region, in addition to the 450 jobs already existing in development and production of driver assistance systems.
The firm also produces ADAS in Seguin, about 25kms from New Braunfels.