The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle-class population.
The company's innovative US product lineup will help to defy the odds and herald its emergence as a global enterprise, said Yu Jun, president of GAC.
The company is not Continental's first partner in the field. Earlier this year, Continental announced its decision to form a joint venture with Nexteer to promote motion control systems for automated driving.
The company said the situation in Minnesota did not have and is not expected to have any impact on its day-to-day operations.
The company's new headquarters plan has drawn backlash since November, when it announced its decision to split its new headquarters between Long Island City in the New York City borough of Queens and Crystal City, Arlington County in the state of Virginia.
The company is building a new industrial park in Serbia as a manufacturing base and logistics hub for the European market.
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The company's drone delivery project has received approvals in some provinces, and planning of air routes began in May.
The company showcased its cutting-edge smart locking system, namely Yale Ecosystem, and a range of other smart products during a recent international building decoration expo in Guangzhou, capital of Guangdong province.
The completion of the bridge will realize a dream that began 35 years ago, Wu said. It indicates the huge advancement in the country's overall development over the years after reform and opening-up, he added.
The complex will cover a total area of 430,000 square meters when complete, among which 120,000 sq m will be devoted to over 300 retailers for clothing, catering, entertainment, education and sports.