March 7, 2018 / 9:25 AM / 5 months ago

BRIEF-Continental And CITC Establish JV For Production Of 48-Volt Battery Systems

March 7 (Reuters) - Continental AG:

* CONTINENTAL AND CITC ESTABLISH JOINT VENTURE FOR PRODUCTION OF 48-VOLT BATTERY SYSTEMS

* NEW JOINT VENTURE EXPECTED TO BEGIN OPERATIONS IN MID-2018 AND OPERATE WORLDWIDE FROM CHINA

* CONTINENTAL TO HOLD 60 PERCENT OF THE SHARES, 40 PERCENT WITH CHINESE AUTOMOTIVE SUPPLIER CITC Source text - bit.ly/2D7Nl5v Further company coverage: (Gdynia Newsroom)

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