On May 31, 2017, the Continental group signed a cooperation agreement with Nextev.
  Continental group will provide Nextev ES8 electric SUV tire, air suspension system and other related automotive technology.
  Cooperation agreement shows that the two sides will become a strategic partner in fields of the pure electric vehicles, intelligent transportation and unmanned driver and so on, and the two sides hope to establish long-term stable cooperative relations.
  Elmar Degenhart, CEO of the mainland AG, stressed that in 2025, pure electric vehicles will account for 10% of the market share, and China has now become one of the world's leading electric vehicle markets.
(R-11)