Schaeffler AG (Schaeffler) has completed the merger with Vitesco Technologies Group, effective on October 1, 2024.
The combined company will operate under the uniform corporate brand “Schaeffler” from now on. Business activities will be divided into 4 divisions: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solu

Continental AG (Continental) has reached an agreement with Vitesco Technologies Group (Vitesco) on the allocation of costs and liabilities from the investigations in connection with the supply of engine control units and engine control software.
Vitesco will pay EUR 125 million to Continental.
The costs and liabiliti

Schaeffler AG (Schaeffler) announced that, together with Vitesco Technologies Group (Vitesco), it will present powertrain and chassis solutions for sustainable and highly automated driving commercial vehicles (CVs) at IAA Transportation 2024. This will be the first major trade show at which Schaeffler and Vitesco Tec

Infineon Technologies AG announced that Vitesco Technologies has selected its CoolGaN Transistors 650 V to improve the power efficiency of its Gen5+ GaN Air DCDC converter. 
With GaN Transistors, Vitesco can design its Gen5+ GaN Air DCDC converters with passive cooling. It also allows for simplified converter design

Vitesco Technologies Group AG (Vitesco) presented the new Rotor Lock Actuator for EVs to the public for the first time at the SIA POWERTRAIN trade fair in Lille, France, from June 19 to 20, 2024.  
It combines a park lock, rotor position sensing, and the brush system for externally excited synchronous machines (EESM)

Vitesco Technologies Group AG (Vitesco) has concluded a cooperation agreement with KYBURZ Switzerland AG to jointly industrialize KYBURZ’s lithium-ion battery recycling process at the Limbach-Oberfrohna site.
The cooperation aims to make battery recycling more economical, efficient, and sustainable. Cost-covering bat

On May 22, Vitesco Technologies announced that it would supply its EMR3 (Electronics Motor Reducer, 3rd Generation) integrated axle drive to Honda’s all-new plug-in fuel cell electric vehicle, CR-V e:FCEV, that will be marketed in the U.S. and Japan later in 2024. The production of the EMR3 has started at the Vitesco

Continental AG (Continental) has been fined EUR 100 million by the public prosecutor’s office in Hanover due to negligent breach of supervisory duties in connection with the supply of engine control units and engine control unit software (including for the VW EA189 1.6l) in Continental’s former powertrain business (V

Schaeffler AG (Schaeffler) announced that its Annual General Meeting approved the merger of Vitesco Technologies Group (Vitesco) into Schaeffler on April 25, 2024. The merger’s completion is still expected in Q4 of 2024.
Preparations for the integration of Vitesco are proceeding according to plan. (From a press relea

On March 19, Vitesco Technologies concluded a Power Purchase Agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy.
Since January and for around three years, Vitesco Technologies has been purchasing around 10,500 MWh of solar power and around 17,300 MWh of wind power from Statkraft to reach a

Schaeffler AG (Schaeffler) entered into a merger agreement with Vitesco Technologies Group AG (Vitesco), following the approval of their respective Supervisory Boards.
The agreement sets out the legally binding terms and conditions for the merger of Vitesco into Schaeffler. Vitesco's shareholders will receive 11.4 Sc

Vitesco Technologies Group AG (Vitesco Technologies) announced the signing of an investment cooperation agreement between Vitesco Automotive (Tianjin) Co., Ltd., a subsidiary, and the Tianjin Economic-Technological Development Area (TEDA).
The Vitesco Technologies New Energy Intelligent Manufacturing and New Automoti

Vitesco Technologies Group AG (Vitesco) has commissioned a solar energy project at its Seguin, Texas auto manufacturing plant. 
The 12-acre, 4,800-panel solar farm, developed in collaboration with Big Sun Solar and Guadalupe Valley Electric Cooperative (GVEC), is expected to provide more than 10% of the annual energy

Vitesco Technologies Group AG (Vitesco) has developed a series application of High Voltage Box with the system that makes charging, converting, and distributing electricity in EVs cheaper by integrating several functions into one compact unit.
This includes the vehicle On-Board Charger for AC charging on the grid wit

Vitesco Technologies showcased its electrification and power train solutions for different segments in the two-wheeler market at the ACMA Global Summit and Exhibition for EVs.
 It showcased EMR4, a scalable axle drive consisting of a permanent-magnet synchronous machine, an inverter and reducer, and a high voltage bo

Vitesco Technologies Group AG (Vitesco) announced its plan to build a new manufacturing and automated logistics center in Ostrava-Hrušov, Czech Republic, with an investment of more than EUR 188 million.
The 38,000-sqm facility is set to start operation by 2024. It will focus on the production of advanced high-voltage

Schaeffler AG (Schaeffler) announced an acquisition of an additional stake of 3.6 million shares or 9% in Vitesco Technologies Group AG (Vitesco), which was previously held by BofA Securities Europe S.A.
The price of the additional shares acquired is lower than the consideration paid by Schaeffler in the tender offer

Schaeffler AG (Schaeffler) secured 29.88% of Vitesco Technologies Group AG’s shares through its public tender offer. A total of 11,957,629 Vitesco’s shares were tendered to Schaeffler.
The completion of the tender offer and payment is scheduled for January 5, 2024.
Schaeffler, along with IHO Holding, the strategic ma

Vitesco Technologies announced that it won a new drive motor business order for 400V motor stators and rotors from a Chinese client, with the total lifecycle order value estimated at EUR 600 million and production expected at a Chinese plant in mid-2024.
The 400V motor stators and rotors to be supplied adopt an 8-lay