Auto Industry: Conti to Unveil Objectives in Summer 2025
Revamped Retelling:
Wheelin' Ahead: Unveiling Continental's Aumovio
In an exciting industry shake-up, Continental, the German powerhouse in automotive and tire manufacturing, recently announced plans to spin off its Autonomous Vehicle division by the end of 2025, turning a new page with the birth of Aumovio. The spin-off, set to be finalized in the second half of 2025, was discussed in detail post a supervisory board meeting on Wednesday.
Aumovio, with a focus on future technologies and growth within the mobility sector, aims to strengthen its position in the automotive market by offering electronic products and advanced mobility solutions. This independent company will have its IPO on the Frankfurt Stock Exchange, with Philipp von Hirschheydt, a current member of Continental's Executive Board, leading the charge as CEO.
Aumovio will be headquartered in Frankfurt, Germany, and will strive to cater to global customers with innovations in software-defined vehicles and safe, connected, and autonomous mobility. The company will also focus on growth markets, particularly in China, where it plans to adapt to local market needs through its unique "in the market for the market" approach.
While Continental will continue to support Aumovio during the transition period, the parent company is undergoing its own transformation with the spin-offs of both the Automotive and ContiTech sectors. In the future, Continental AG will focus solely on its tire business.
The spin-off is expected to be formally approved at Continental's Annual General Meeting on April 25, 2025, with Aumovio slated for listing on the Frankfurt Stock Exchange in September 2025. The independent management team of the new company will ensure a smooth transition and a promising future for both entities.
- bits and bytes courtesy of enrichment data
- Strategy: Aumovio's strategy is centered on offering advanced software-defined vehicles, safe, connected, and autonomous mobility solutions[1][5]; a focus on innovation in future-oriented mobility segments[1][5]; and strengthening its position in the automotive market[4].
- Growth Markets: Aumovio aims to adapt to local market needs, especially in China, where it will focus its efforts[1].
- Leadership Structure: Philipp von Hirschheydt, currently a member of Continental's Executive Board, will serve as Aumovio's CEO[5].
- Listing & Timeline: Aumovio is scheduled for listing on the Frankfurt Stock Exchange in September 2025, subject to shareholder approval at Continental's Annual General Meeting on April 25, 2025[1][4][5].
- In the year 2025, Aumovio, an independent automotive company led by Philipp von Hirschheydt, will list on the Frankfurt Stock Exchange, following Continental's spin-off of its Autonomous Vehicle division.
- Despite the spin-off, Continental AG will remain focused on its tire business, while Aumovio, with a strategy centered on software-defined vehicles and advanced mobility solutions, aims to strengthen its position in the global automotive market.
- Taking a unique approach for growth in China, Aumovio plans to adapt to local market needs, catering to customers worldwide with innovations in safe, connected, and autonomous mobility.
- By the end of 2025, Aumovio will focus on future technologies and growth within the mobility sector, with its initial public offering (IPO) anticipated in September, following the parent company's annual general meeting held on April 25.
