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Home > News > Industry News > Osram-Continental jv up and ru.....

Osram-Continental jv up and running

  • Author:Ella Cai
  • Release on:2018-07-04
The jv set up by Continental and Osram is up and running.

OSRAM Continental will initially employ around 1,500 people at 16 locations worldwide, basing its headquarters in Munich (Germany).

The plan is to move the headquarters to Garching (Germany) in due course.

The joint venture aims to generate annual sales in the mid-triple-digit-million-euro range. Continental and Osram each hold a 50% stake in the jv.

OSRAM Continental is planning growth rates of up to double digits annually for the next five years.

This is based on strong growth in the market for LED as well as laser-based lighting modules and solutions and associated electronics.

The first products to be developed by the joint venture are expected to be ready for series production by 2021.

The market for vehicle lighting in the automotive industry is currently in a period of transition as it moves towards semiconductor-based lighting technologies.

As a result, software and electronics are becoming increasingly important and influential. Continental and Osram are therefore combining their strengths in each of these areas and developing state-of-the-art headlamp modules and solutions for tail and interior lighting for automotive manufacturers and suppliers.

The joint venture will utilize increasing digitalization on an ongoing basis in its vehicle lighting solutions in order to produce intelligent lighting functions for vehicles completely from one source.

The  company is using software-based solutions to create a configurable light distribution system – for anti-glare dipped headlamps and high beam headlamps, for example – and developing intelligent lighting functions.

Using data from the navigation system and sensors, vehicles equipped with these solutions in future will, for example, be able to project warning messages for other road users while driving.