ZF Friedrichshafen to speculate €800 million in hybrid transmission know-how

ZF Friedrichshafen, a German-based automotive driveline and chassis producer, is ready to speculate €800 million within the electrification of its transmission know-how. Over the subsequent 4 years, ZF will put the funding into its main transmission plant positioned in Saarbrücken, Germany. “The share of hybrid drives in manufacturing will improve tenfold over the subsequent few years – from 5 to 50 p.c,” mentioned CEO Wolf-Henning Scheider. The €800 million for the Saarbrücken plant will go in the direction of manufacturing techniques, infrastructure, and ZF’s provider community. The cash is a part of a €Three-billion funding that ZF is committing to enhance its hybrid know-how worldwide. “We see the rising market penetration of superior hybrid drives as a chance, which in our view is far more than only a bridge know-how,” mentioned Scheider. “With longer ranges between 80 and 100 kilometers, [hybrid drives] can full the vast majority of all journeys electrically and thus assist e-mobility to realize a breakthrough extra shortly.”   Supply: ZF Friedrichshafen