Schaeffler is now reaping the rewards of its decision to create a specific business division for electric mobility three years ago, at the beginning of 2018. The start of mass production for multiple products across all electrification levels is testimony to Schaeffler’s successful engagement in the electric mobility area and to its status as the technology partner for advancing how the world moves.
Over the last few years, Schaeffler has progressively strengthened its electric mobility expertise through a series of targeted acquisitions. The purchase of Elmotec Statomat at the end of 2018 added new expertise in winding technology, providing Schaeffler with comprehensive coverage of all aspects of electric motor industrialization. Another highly successful acquisition back in 2016 was the takeover of Compact Dynamics, a specialist in the development of innovative electric drive concepts. Meanwhile, the Schaeffler Paravan Technologie joint venture is developing the Space Drive steer-by-wire system, a key technology for autonomous driving.
Schaeffler India has its presence in automotive and across all core industrial segments.
