This is the name of the automotive division with works in Bavaria

Continental AG had already announced the Operation area to split off automotiveNow a new name for the division has also been found. As Continental announced in Shanghai (China) on Wednesday, the automotive company Aumovio, which will be independent in the future, will be called. « The name of the new company combines the strong market position, tradition and technological expertise in the automotive industry with the aim of creating the mobility of the future with innovations, » says a message from the group.

Continental’s automotive division will be called Aumovio in the future

To the The main focus of Aumovio In the future, it should count, to offer electronic products and mobility solutions for « the software-defined vehicle », as Continental explains. In addition, autonomous mobility should be another field of activity. This should also pay off economically: « Automotive, based on a market analysis of berylls, that the value of the solutions per vehicle in these segments will grow by an average of 4.7 percent annually by 2029 – and thus more dynamic than the number of cars produced worldwide, » says the explanation.

Now those responsible await approval of the spin-off at the Continental general meeting on Friday. After that, a stock market is planned for September 2025.

Aumovio should go to the stock exchange this year

« As an independent company, we gain significantly more design and speed, » says Philipp von Hirschheydt, board member of Continental and CEO Automotive. « Aumovio will be characterized by a triad of technologically leading products, a consistent value increase strategy and a global synergetic network, combined with strong local presence for our customers. » It is Aumovio’s claim to expand your own position in the future fields and growth markets of mobility. In China, one wants to rely on a strong local presence, among other things, by producing and developing on site for the Chinese market on site.

According to its own statements, the previous Continental area of ​​Automotive has been present in China for 30 years and employs around 10,000 people there. Around 14 percent of the entire global turnover of the division in 2024 was generated in China. China is considered the world’s largest sales market for automobiles.

Aumovio has works in Ingolstadt and Regensburg

Aumovio will be based in Frankfurt am Main, but the automotive division also has large works in Regensburg and Ingolstadt in Bavaria. The workforce will now have to adjust to the new name. According to its own statements, Continental employs around 92,000 employees in the automotive sector. The turnover in 2024 was around 19.4 billion euros. As announced weeks before, the independent company in the future should be under the leadership of Philipp von Hirschheydt.

Economically, it is difficult times for the automotive supplier Continental. In February the group announced that to delete 3000 jobs by the end of 2026many of them also in Germany.