Vitesco Technologies Group AG: Vitesco Technologies Wins Billion Euro Order to Supply High Voltage Inverters to Major North American Automaker
"Vitesco Technologies was among the first automotive suppliers to focus so firmly on electric mobility. The most recent incoming orders endorse this consistent approach. We are pursuing a clear-cut plan that will drive forward our mission to deliver clean, zero-emission mobility," says Andreas Wolf, CEO of Vitesco Technologies.
In the final quarter of 2021 alone, incoming orders for electrification components totaled more than 2 billion euros. Along with the major order from North America, Vitesco Technologies also received orders from one Chinese and one Japanese automaker - each valued at several hundred million euros. These orders for battery electric vehicle technology, are specifically for high-voltage axle drives that are manufactured and supplied as complete systems, as well as the necessary high-voltage power electronics.
Efficient electrified key technologies for large-scale production
For Vitesco Technologies, these welcome new orders go to show that its extensive experience with electric drive components and its vast systems expertise give the company a decisive competitive edge. Vitesco Technologies brings its innovations to market fast, so that automakers across the globe can offer electric mobility solutions that are as efficient as they are affordable.
"With our portfolio, we are fully focused on global, scalable platforms for electrified vehicles. This is where the growth is happening and it's also where there is real potential for the sustainable and increasingly carbon-neutral mobility of the future," says Thomas Stierle, Member of the Executive Board and head of the Electrification Technology business unit at Vitesco Technologies. "The latest orders clearly prove the point. The electrification of automotive drive systems is progressing faster than ever - and Vitesco Technologies is among the prime movers and beneficiaries of this global trend". ?
Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. With smart system solutions and components for electric, hybrid and internal combustion drivetrains, Vitesco Technologies makes mobility clean, efficient, and affordable. The product range includes electrified drivetrain systems, electronic control units, sensors and actuators, and exhaust-gas aftertreatment solutions. In 2020, Vitesco Technologies recorded sales of ?8 billion and employs more than 40,000 employees at about 50 locations worldwide. Vitesco Technologies is headquartered in Regensburg, Germany.
Contact for Journalists
Simone Geldh?user Head of Media Relations, Spokesperson Technology and Innovation Vitesco Technologies phone: +49 (0) 941 2031 61302 Simone.Geldhaeuser@vitesco.com
10.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.deLanguage: English Company: Vitesco Technologies Group AG Siemensstra?e 12 93055 Regensburg
Germany Phone: +49 941 2031 0 E-mail: email@example.com Internet: www.vitesco-technologies.com ISIN: DE000VTSC017 WKN: VTSC01 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1266192 ? End of News DGAP News Service