Continental confirms intention to invest in auto digital key solution provider INGEEK

Published: Jan 11, 2024 19:07
Source: gasgoo
Continental recently affirmed its strategic investment intentions in INGEEK, a leading player in China’s automotive digital key sector, according to Continental's press release.

Shanghai (Gasgoo)- Continental recently affirmed its strategic investment intentions in INGEEK, a leading player in China’s automotive digital key sector, according to Continental's press release.

The two companies are set to establish a strategic partnership, leveraging their strengths in vehicle entry systems technology, industrial production, toolchain, data security, user experience, and ecosystem services. Their joint goal is to provide cutting-edge integrated solutions for digital keys, catering to both the Chinese and global automotive manufacturers, and introducing innovative mobility services based on digital key technology.

Jean-Francois Tarabbia, Head of Continental Group's Connected Car Networking and Architecture division, expressed enthusiasm about working with INGEEK. He stated, "Together with INGEEK, we will craft a top-notch smart entry system end-to-end solution for the Chinese market. This collaboration allows Continental to strengthen its ecosystem in China and further provide solutions for intelligent mobility."

As a pioneer and leader in the automotive key and entry systems field, Continental introduced the market's first keyless entry system (PEPS) in 1998. Over the years, Continental has continued to innovate with digital key systems based on low-power Bluetooth (BLE) and ultra-wideband (UWB) technologies. The world's first production model equipped with Continental's UWB digital key system went into volume production in 2021.

INGEEK introduced the concept of digital keys in China at the end of 2017. It has so far achieved strategic collaborations with over 50 domestic and international automakers, implementing digital keys in 200 production models by November 2023.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Hyundai Recalls Over 421,000 Vehicles in the US Due to Safety Concerns
19 hours ago
Hyundai Recalls Over 421,000 Vehicles in the US Due to Safety Concerns
Read More
Hyundai Recalls Over 421,000 Vehicles in the US Due to Safety Concerns
Hyundai Recalls Over 421,000 Vehicles in the US Due to Safety Concerns
The National Highway Traffic Safety Administration said Hyundai Motor America recalled 421,078 units of US vehicles.
19 hours ago
UK Extends Fuel Duty Cut Policy to Ease Inflationary Pressure
23 hours ago
UK Extends Fuel Duty Cut Policy to Ease Inflationary Pressure
Read More
UK Extends Fuel Duty Cut Policy to Ease Inflationary Pressure
UK Extends Fuel Duty Cut Policy to Ease Inflationary Pressure
[UK Extended Fuel Duty Cut to Ease Inflation Pressure Driven by Middle East Tensions] On May 20, the UK government announced that it would extend the fuel duty cut for motor vehicles until the end of this year to ease the pressure of rising living costs caused by the escalation of the Middle East conflict.
23 hours ago
Tencent, CATL and Others Join Alliance to Boost Carbon Credit Demand
23 hours ago
Tencent, CATL and Others Join Alliance to Boost Carbon Credit Demand
Read More
Tencent, CATL and Others Join Alliance to Boost Carbon Credit Demand
Tencent, CATL and Others Join Alliance to Boost Carbon Credit Demand
[CATL and Tencent Join Forces to Boost Carbon Credit Demand] Two of China's largest companies by market capitalization — Tencent and CATL — are joining hands in a new initiative aimed at boosting corporate demand in the cooling carbon credit market. The tech giant and power battery industry leader will join Mitsubishi Corporation, Vale, Osaka Gas, and other enterprises in the Climate Resilience Action Alliance, a non-profit organization established in Singapore on May 19. The alliance aims to promote the practical application of high-quality carbon credits, with a target of alliance members collectively purchasing at least 10,000kt of high-quality carbon credits by 2030.
23 hours ago
Continental confirms intention to invest in auto digital key solution provider INGEEK - Shanghai Metals Market (SMM)