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Continental ‘plans partial listing of automated driving business’

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German newspaper reports automotive parts supplier wants to make division more independent

Berlin — German automotive supplier Continental wants to make its automated driving business more independent and is considering a partial initial public offering , Handelsblatt reported on Tuesday, citing anonymous sources.

The Autonomous Mobility division of the company’s automotive segment is to become its own legal entity from January 1 2023, but an IPO could also be on the cards in the future, sources told the German newspaper. Continental, which split off its power-train division Vitesco in 2021, did not confirm the report, saying that co-operation between business fields under one roof is the company’s top priority at present.

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