On October 13, 2025, the New Braunfels City Council gave final approval to an economic development agreement with Aumovio, formerly known as Continental Automotive Systems, Inc., to support a significant expansion of its manufacturing and research operations on Kohlenberg Road. The project marks a pivotal step in the company’s evolution following its rebranding in September 2025 as an independent entity focused on autonomous mobility technology. n nThe expansion will add 65,000 square feet of manufacturing and warehouse space to the existing 215,000-square-foot facility established in 2022. This growth represents an estimated $110 million in new capital investment and underscores Aumovio’s ongoing commitment to the region. The original facility had a taxable value of $171 million in 2024 and has grown into one of the city’s largest high-tech employers, supporting over 400 full-time jobs with an annual payroll between $35.9 million and $42.1 million. n nUnder the terms of the agreement: n nThe city will grant a 65% property tax abatement on the new construction for a period of 10 years. n nThe prior Chapter 380 tax rebate arrangement will be terminated and replaced by this updated agreement. n nThe New Braunfels Economic Development Corporation (NBEDC) will provide a rebate on building and impact fees, with exact figures to be determined later. n nFull property taxes will continue to be collected on the original $170 million facility, generating approximately $700,000 in annual revenue for the city. n nCity leaders project that the expansion will yield substantial long-term benefits, including job retention, increased wages, and opportunities for local suppliers. Jeff Jewell, Director of Economic and Community Development, stated that Aumovio’s continued investment reflects confidence in New Braunfels’ skilled workforce, business-friendly environment, and infrastructure. He added that the project will bring additional high-paying positions and further establish the city as a center for automotive innovation. n— news from New Braunfels (.gov)
— News Original —
News Flash • New Braunfels City Council Approves Economic De
At their meeting on Monday, Oct. 13, 2025, New Braunfels City Council finalized approval for an economic development agreement with Aumovio (formerly known as Continental Automotive Systems, Inc.) to support a major expansion of its existing manufacturing and research facility on Kohlenberg Road. The agreement paves the way for Continental Automotive System’s next phase of investment in New Braunfels, which includes the new independent automotive technology company, Aumovio, which debuted in September 2025. Aumovio will continue occupying the facility first constructed and occupied by Continental Automotive Systems, but the planned expansion adds an additional 65,000 square feet of manufacturing and warehouse space for Aumovio’s future venture into autonomous mobility technology. This expansion represents an estimated $110 million in new capital investment and reinforces the company’s long-term commitment to the region. n nThen known as Continental Automotive Systems, the company opened its 215,000-square-foot New Braunfels facility in 2022, representing a $171 million taxable value in 2024. The company’s continued growth has made it one of New Braunfels’ largest high-tech employers, with a workforce of more than 400 full-time employees, and an annual payroll ranging from $35.9 million to $42.1 million. Under the newly approved agreement: n nThe City will provide a 65% property tax abatement on the new expansion for 10 years n nThe previous Chapter 380 property tax rebate will be unwound and replaced with the new agreement n nThe New Braunfels Economic Development Corporation (NBEDC) will provide a rebate on building and impact fees (with the final cost to be finalized at a later time) n nThe City will continue to collect full property taxes on Aumovio’s original $170 million facility, generating approximately $700,000 annually n nCity officials estimate the expansion will generate substantial net benefits to the community over the next decade, including job retention, payroll growth, and local supplier opportunities. n n“Aumovio’s continued investment in New Braunfels is a clear vote of confidence in our city’s workforce, business climate, and infrastructure, and we are proud to partner with a global leader in advanced manufacturing as they expand their operations here,” said Economic and Community Development Director Jeff Jewell. “Their expansion here will bring additional high-paying jobs and solidify New Braunfels as a hub for automotive innovation.”