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

Published: Jan 11, 2024 19:07

Source: gasgoo

Save

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

20 hours ago

SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on March 4

[SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on March 4] The SMM battery-grade lithium carbonate index price continued to fall from the previous working day. In terms of futures performance, the most-traded contract fluctuated within the range of 146,000–155,700 yuan/mt, while open interest in the most-traded contract decreased by about 600 lots from the previous trading day. In terms of actual transactions, upstream lithium chemical plants’ willingness to sell spot orders remained weak, with strong sentiment to hold back supply and hold prices firm. Morning prices fell rapidly to below 150,000 yuan/mt, boosting purchase willingness among downstream material plants. At present, most enterprises adopted a laddered order-placement strategy to buy on dips. Overall, market inquiries and transactions were relatively active.

20 hours ago

Mar 3, 2026 16:50

SMM Daily Review: Spot Lithium Carbonate Prices Fell Sharply on March 3

[SMM Daily Review: Spot Lithium Carbonate Prices Fell Sharply on March 3] The SMM battery-grade lithium carbonate index price fell sharply from the previous working day. Futures side, after the most-traded contract opened at 170,000 yuan/mt in the morning session, it fluctuated downward throughout the session and at one point touched the limit-down price of 150,800 yuan/mt. It then rebounded slightly and hovered around 154,000 yuan/mt, but weakened again after the midday session and ultimately stayed locked at limit-down through the close. Open interest in the most-traded contract fell by about 39,000 lots from the previous trading day. Actual transactions, upstream lithium chemical plants’ willingness to sell spot orders remained weak, with a clear sentiment to hold back sales. After prices fell rapidly in the morning, downstream material plants’ purchase willingness strengthened markedly, and most enterprises adopted a laddered order-placement strategy to buy on dips. Overall, market inquiries were active and transaction momentum increased significantly.

Mar 3, 2026 16:50

Mar 2, 2026 15:37

SMM Daily Review: On March 2, Spot Lithium Carbonate Price Fluctuated Upward

[SMM Daily Review: Spot Lithium Carbonate Prices Fluctuate Upward on March 2] SMM's battery-grade lithium carbonate index price edged up compared to the previous working day. In terms of futures movement, the most-traded contract opened and surged to a high of 179,500 yuan/mt before fluctuating and pulling back, breaking below the 170,000 yuan/mt level, and then gradually stabilized and rebounded to consolidate around 172,000 yuan/mt. In the afternoon, prices edged up again, mainly fluctuating around 173,500 yuan/mt until the close. The open interest of the most-traded contract decreased by about 3,200 lots compared to the previous trading day. In terms of actual transactions, upstream lithium chemical plants maintained relatively firm quotes, with a weak willingness to sell spot orders. When futures prices dropped to 170,000 yuan/mt, some downstream material plants showed a slight recovery in purchase willingness, but most participants remained cautious, primarily adopting a wait-and-see approach. Overall, there were signs of a slight recovery in market inquiries and transactions.

Mar 2, 2026 15:37