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Rubber Report - 21 April 2017

  • i2Matrix
  • 21 April 2017
 
Continental enters mobility services JV in China
 
In order to increase its activities in the new mobility services market, Continental has signed a strategic joint venture contract with China Unicom Smart Connection (CUSC), an end-to-end service and operations provider for the connected car market and fully owned subsidiary of mobile network operator China Unicom.
 
The contract was signed on 19 April and creates a joint venture that, in Continental’s words, “aims to establish and operate as a world class ITS solution provider to satisfy the increasing market demands in China.”
 
Each company possesses a 50 per cent share in the new, Shanghai-based joint venture, Unicom Continental Intelligent Transportation Technology (Shanghai) Co., Ltd. The joint venture will focus on vehicle data services and applications, intelligent vehicle applications as well as connected vehicle software and hardware integration solutions.
 
The first products that will be offered in the Chinese Market are services from the vAnalytics product family, such as Fleet+, a mobility service product providing end to end on-demand car sharing platform for OEMs, and the TSP2.0 telematics service platform product, which provides vehicle data driven services for OEMs as well as their partners through embedded hardware and cloud-based backend computing.
 
China is one of the leading markets for mobility services and for vehicle connectivity. “The trend towards digitalisation is opening a growing market for mobility services in China for us. We see major opportunities for our accelerated, profitable growth in this market,” said Helmut Matschi, head of Continental’s Interior division.
 
“With the JV, we will move forward in the area of Mobility Services. Our JV partner China Unicom is one of the top three mobile carriers in China with a strong automotive experience but as well access to high-potential service market.
 
This is the perfect strategic fit for us.”
 
-- TyrePress

 

 

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THE PEOPLE

Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 (www.bfm.my) business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

For more information, you can visit them at http://www.i2matrix.com

 

 

Benny Lee's interview with Bloomberg Malaysia