“China electrifies Schaeffler”

Unlike many companies in the German automotive industry, component manufacturer Schaeffler regards the anticipated shift to e-mobility as a major growth opportunity rather than a threat, Henning Peitsmeier writes for Frankfurter Allgemeine Zeitung. Greater use of hybrid cars in particular could boost the company’s profits, as Schaeffler’s value creation climbs from 50 to 500 euros for a combustion engine to 200 to 1,000 euros for hybrids, “depending on whether Schaeffler merely delivers components or entire systems,” Peitsmeier explains. According to Schaeffler’s CEO Klaus Rosenfeld, the Chinese government’s “consistent technology strategy” for more investment in e-mobility could turn out to be a boon for the supplier.

For more information, read the CLEW dossier The Energiewende and German carmakers.