OSRAM Joint Venture With Continental

The joint venture company OSRAM Continental is headquartered in Munich, Germany, with 16 locations worldwide. It will employ approximately 1,500 employees in the initial stages. According to the plan, the company headquarters will move to Germany at an appropriate time. The joint venture sells hundreds of millions of euros a year. The Eurotherm Group and the OSRAM Group have a 50% joint venture and their income will be included in the OSRAM Group.

The automotive lighting market is in the process of transitioning to semiconductor lighting technology. The importance and impact of software and electronics is increasing. To this end, the Continental Group and the OSRAM Group work together to develop state-of-the-art headlamp modules for automotive manufacturers and automotive component suppliers, as well as final lighting and interior lighting solutions.

The joint venture plans to grow at a double-digit annual rate over the next five years. The high growth rate is based on the strong growth of the LED market and laser lighting modules and solutions and related electronics. In addition, the first batch of products developed by the joint venture is expected to be put into mass production 2021.

The joint venture has taken smart car lighting technology to a new level and continues to apply digital technology to automotive lighting solutions and is committed to providing a variety of smart lighting functions for automobiles. OSRAM Continental is a joint venture dedicated to ensuring the penetration of LED technology in all automotive sectors by integrating lighting and smart electronics.

The joint venture not only uses software-based solutions to create configurable lighting distribution systems, such as anti-glare headlights and high beams, but also the positive development of smart lighting. For example, by using data from navigation systems and sensors, future vehicles equipped with these solutions will be able to send warning messages to other road users while driving.

OSRAM Continental is a joint venture between OSRAM Group and Continental Group. It further promotes the development of automotive lighting, making it a new step to meet people's lighting needs and bringing us a new era of intelligent lighting.