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.”
