Continental and aft automotive set up joint venture to manufacture couplings made of high-performance plastics
Technology company Continental and system supplier aft automotive are setting up a joint venture to manufacture couplings made of high-performance plastics for the for the future of mobility. The partners have signed a relevant agreement to create a 50/50 joint venture. The two companies have already been jointly developing special couplings that connect the cooling circuit or the turbocharger/charge-air cooler with units in the engine compartment since 2016. This development partnership is now being further expanded by setting up a joint venture.
“No lines, no hoses, no future mobility. Our lines and connectors remain vital lifelines in cars – both for hybrid and electric vehicles and for IC engines,” said Philip Nelles, head of the Mobile Fluid Systems business unit and therefore responsible for automotive lines and hoses at Continental. He adds: “The close collaborative partnership with aft automotive will enhance our skills as a system supplier and enable us to consistently expand our technological expertise in high-performance plastics for the future. The new company is planned to create more than 30 new jobs by 2025. Completion of the joint venture is subject to the approval of the relevant anti-trust authorities.