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Volume of around one billion euros: Conti receives major order for OLED displays

The automotive supplier Continental has landed its first major order with its innovative OLED displays for car interiors. With a total order volume of around one billion euros, the displays will be in a high-volume production vehicle from a global car manufacturer, as the Dax group announced on Tuesday in Babenhausen, Hesse. The start of series production is planned for 2023. A model generation of cars usually spans seven to eight years. The Conti share rose by 2.5 percent to EUR 104.82 in the morning.

For Conti, the move away from mechanical displays such as speedometers in cars to display solutions is important. Originally, the group wanted to close the plant in Babenhausen in southern Hesse by 2025 as part of its savings and structural program. However, after an agreement with the employee representatives, production is not expected to end until the end of 2028. Research and development for display and operating technologies as well as parts of the administration are to be retained at the location. (dpa / swi)

Incidentally: Conti boss Nikolai Setzer speaks on Tuesday at the Automobile week Congress. His topic: “The Transformation of Mobility” Learn more

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Chip shortage: Conti lowers forecast

Conti boss on software development: Setzer sees great opportunities despite competition from car manufacturers

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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