Intelligent Automotive Lighting Market Gets Boost as Joint Venture Begins Operations - Energy Watch News


Intelligent Automotive Lighting Market Gets Boost as Joint Venture Begins Operations

Osram reported, that the OSRAM Continental GmbH joint venture, set up by the two technology companies Continental AG and Osram, is up and running. This official start of the business as planned for the second half of 2018, follows the successful completion of all negotiations and the issuance of merger control approvals. For the joint venture, Continental and Osram are combining their strengths to develop state-of-the-art and intelligent solutions for headlamps, tail and interior lighting. 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. http://www.solidstatelighting.net/

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