ZF to invest a total of US$906m in its Saarbrücken plant

0

ZF has announced that over the next four years, a total of US$906m will be invested in its facility in Saarbrücken, Germany, the lead location of the company’s transmission technology.

This investment aims to ready the site for the transition from conventional to electric car drives. “The share of hybrid drives in production will increase tenfold over the next few years – from 5% to 50%,” said Wolf-Henning Scheider, CEO of ZF Friedrichshafen.

“We see the increasing market penetration of advanced hybrid drives as an opportunity, which in our view is much more than just a bridge technology,” added Scheider. “With longer ranges between 80km and 100km, they can complete the majority of all journeys electrically and thus help e-mobility to achieve a breakthrough more quickly.”

Share.

About Author

mm

Sam joined the UKi Media & Events automotive team in 2017, having recently graduated from the University of Brighton with a degree in journalism. For the newest addition to the editorial team, stepping into the assistant editor position signalled the start of a career in the subject he studied. In addition to his work on UKi’s automotive titles, Sam also contributes to Stadia, writing content for the magazine and website.

Comments are closed.