Schaeffler creating independent E-Mobility business division in 2018

By mmillikin Global automotive and industrial supplier Schaeffler will create an independent E-Mobility business division as of January 1, 2018 to bring together all the products and system solutions for hybrid and pure battery electric vehicles. Klaus Rosenfeld, CEO of Schaeffler AG, made the announcement during the company’s Capital Markets Day in Bühl. Schaeffler will also establish a competence center for E-Mobility in China, alongside the existing German units, to accommodate the increasing importance of the Chinese market in the field of E-Mobility.

Schaeffler’s automotive customer projects and series contracts for E-Mobility products continue to grow. The Schaeffler Group has also received eight

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