ZF axle assembly in China
Around 40 percent of ZF’s sales in China come from Chinese automakers.
(Photo: dpa)
For the German automaker, the prospects in China are darkening. They are losing market share to domestic automakers. In terms of sales in the first quarter, VW gave up the top position in China to BYD.
The situation is quite different for automotive suppliers. They are getting better and better business in the largest electric car market in the world. “We have a broad portfolio and offer it to all market participants locally,” said ZF boss Klein to the Handelsblatt.
ZF is counting more and more Chinese automakers among its customers. “Chinese manufacturers now account for 40 percent of our China sales,” says Klein. ZF installs its 800-volt power electronics for fast charging in top models from Chinese car manufacturers. Nio, for example, is also the first Chinese customer for the new fully electric steering system.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further