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.
At Mercedes-Benz, we’re convinced that transparency, efficiency, and data sovereignty are the key levers for sustainable and data-driven value chains. Through the new Cofinity-X joint venture, we are bringing to life the Catena-X vision of an open ecosystem for secure and standardized data exchange along the entire value chain. The first solutions are almost ready and, thanks to Cofinity-X, every company in the automotive sector can shortly benefit from services and offers that use the results of Catena-X.