“Continental will make losses with e-mobility at least for another three years”
Elmar Degenhart, Chairman of the Executive Board of German car supplier Continental, does not expect to make profits with products in the e-mobility sector before 2020, he told WirtschaftsWoche in an interview. “The transition from the combustion engine to e-mobility will only really gain momentum between 2025 and 2030. […] The necessary development expenditure is the greatest challenge for our industry,” said Degenhart.
Read the article in German here.