January 31, 2023 – 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.