AUTO CHINA 2015, SHANGHAI – HARMAN, the premier audio, infotainment and software services company (NYSE:HAR), continues to make strides in China’s fast-growing auto market with new business wins and market roll-outs of infotainment and audio solutions with regional OEMs.
HARMAN announced today that it has finalized a multi-year agreement with GAC Fiat to supply several new vehicle models with HARMAN integrated infotainment systems. In the last nine months, HARMAN was been awarded more than $300 million in new business with Chinese automakers.
Additionally, HARMAN is pleased to announce the commercial introduction of the Geely GC9 flagship sedan featuring HARMAN’s multimedia/navigation system and premium surround sound audio. This Bluetooth™-enabled system features an eight-inch high definition touch screen, highly integrated multimedia and connectivity solutions, and advanced safety (ADAS) features including a “birds-eye” 360 degree park-assist view. The Geely GC9 also includes a HARMAN designed and built premium audio system featuring Infinity™ Logic7 surround sound. The GC9 is the first to market of several HARMAN projects that are currently in development for Geely.
“These new awards further validate how our strategic focus and aggressive investments in China are aligned with the demands of local automakers,” said Dinesh C. Paliwal, HARMAN Chairman, President and CEO. “With our global reach, systems and connectivity expertise, and our unparalleled innovation, we are creating cutting edge audio and infotainment experiences for every passenger. We are honored that these prominent Chinese automakers have selected HARMAN as a partner to help meet the growing demands from their customers.”
HARMAN is the leading supplier of advanced connectivity, infotainment, and audio to the global automakers, including Audi, BMW, Chrysler, FIAT, Ferrari, SGM, Hyundai, Kia, Lexus, Land Rover, Mercedes Benz, Porsche, Toyota, and Volkswagen. HARMAN’s roster of Chinese automotive customers includes BAIC Motors, BYD, Changan, Chery, Great Wall, Shanghai GM, and others. The Company operates HARMAN Flagship Stores in Shanghai and Beijing to showcase its brands, and operates R&D and manufacturing facilities in Shanghai, Suzhou, Shenzhen, Chengdu and Dandong. With 3000 employees currently in China, HARMAN has an established base from which to supply the foreign and domestic Chinese automakers in what has become the world’s largest automotive market.
HARMAN (www.harman.com) designs and engineers connected products and solutions for consumers, automakers and enterprises worldwide, including audio, visual and infotainment systems; enterprise automation solutions; and software services. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® , Mark Levinson ® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. HARMAN also is a technology and integration services leader for the Automotive, Mobile, Telecommunications and Enterprise markets. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. The Company’s software solutions power billions of mobile devices and systems that are connected, integrated, personalized, adaptive and secure across all platforms, from the work and home to car and mobile. HARMAN has a workforce of approximately 25,000 people across the Americas, Europe, and Asia and reported sales of $5.9 billion during the last 12 months ended December 31, 2014. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.