German automotive supplier Continental has agreed to sell its Australian subsidiary mycar Tyre & Auto to Chinese automotive service platform Tuhu.
The deal is based on an enterprise value of A$403m (US$282.9m) and remains subject to regulatory approvals.
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It covers all of mycar Tyre & Auto’s workforce of more than 1,600 employees, spread across 279 stores nationwide.
The business provides a range of automotive services, including scheduled maintenance, tyre fitting, brake and suspension work, battery replacement and general mechanical repairs.
In a statement, the group said: “The transaction marks another step in Continental’s strategic focus on its core business to develop and manufacture tyres.”
Continental had originally acquired mycar Tyre & Auto in 2018 as a means of broadening its distribution reach in the Australian market.
Once the sale is finalised, mycar Tyre & Auto will continue as a Continental distribution partner in Australia, maintaining sales of Continental tyres.
Continental Asia-Pacific tyre business head Dalibor Kalina said: “mycar Tyre & Auto has developed very successfully under the Continental umbrella and is now exceptionally well positioned in the Australian market
“With our own sales organisation in Australia and the continued distribution of our tyres through the mycar Tyre & Auto network, we will ensure seamless continuity for our customers.”
Tuhu operates an automotive service network by number of stores under management.
As of 30 June 2026, its network included 8,825 Tuhu Workshops, with about 31 million transacting users in the 12 months to that date.
Tuhu founder and CEO Min Chen added: “Australia is a highly attractive and promising market for automotive services, we look forward to building on mycar Tyre & Auto’s strong foundation and bringing Tuhu’s capabilities and experience to the Australian market.”
In July, the company agreed to sell its ContiTech industrial division to a Lone Star Funds affiliate in a transaction worth €4bn ($4.56bn).
ContiTech, which employs approximately 22,000 people worldwide, makes industrial components such as conveyor belts and air springs.
In February 2026, Continental had also divested ContiTech’s former Original Equipment Solutions business area.
In September 2025, Continentalspun-off of its former Automotive group sector, now trading on the Frankfurt Stock Exchange under the name Aumovio.
