MERCEDES-BENZ IS JOINT VENTURE PARTNER TO COFINITY-X

With the foundation of Cofinity-X the shareholders Mercedes-Benz, BASF, BMW Group, Henkel, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF initiate the next step in Europe to foster the Catena-X initiative. Cofinity-X strives to be one of the first operating companies which aims to provide products and services for the secure exchange of data throughout the entire automotive value chain.

Future customers will be able to access applications and services to implement use-cases in the automotive value chain such as CO₂ and ESG monitoring, Traceability, Circular Economy or Business Partner Data Management.

Collaboration between suppliers and customers throughout the automotive value chain
Cofinity-X will help to make important progress with the operationalization and build-up of end‑to‑end data chains to trace material flows throughout the entire value chain.

A product offering built to drive acceptance and adoption of small- and medium-sized enterprises
Most of the companies in the automotive value chain are small and medium-sized enterprises. Cofinity-X will offer easy and fast onboarding for these key players. Cofinity-X will build a portfolio around four key product and service offerings. The first products and services will be available from the end of April 2023.

Key automotive companies send out a strong signal and commitment
The investment in Cofinity-X underlines the commitment of the founding partners to establish the Catena-X ecosystem. Each shareholder holds an equal share in this joint venture.