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CTTAY Continental AG (PK)

6.66
0.10 (1.52%)
28 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Continental AG (PK) USOTC:CTTAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.10 1.52% 6.66 6.64 6.74 6.72 6.64 6.70 164,209 21:00:08

Continental Secures Multi-Million Euro Contract to Supply Electric-Heating Tech

12/03/2020 12:01pm

Dow Jones News


Continental (PK) (USOTC:CTTAY)
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By Jessica Sier

 

Continental AG's powertrain division Vitesco Technologies will supply electric-heating elements to a major European van maker, the German car-parts supplier said Thursday.

The deal marks the first high-volume order for this technology and Vitesco Technologies will start production in late 2022. The company said it is a multi-million euro contract.

Vitesco Technologies' electric-heating elements will be used in two of the manufacturer's 48-volt hybrid van models to assist the company in meeting the Euro-7 requirements, a CO2 emissions target of 95 grams per kilometer, which will be implemented in 2020.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

March 12, 2020 07:46 ET (11:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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