Schaeffler Group

EQS-News: Schaeffler Announces New Automotive Manufacturing Facility

Retrieved on: 
Wednesday, March 13, 2024

Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    Herzogenaurach, Germany / Fort Mill, S.C., USA | February 26, 2024 | Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • Schaeffler is investing over USD 230 million in building the new greenfield manufacturing facility, strategically located in Dover, Ohio, as well as future expansions in the state until 2032.
  • These jobs will lead to growth at the company’s current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • The new manufacturing facility location is in the proximity of Schaeffler’s customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company’s Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

EQS-News: Schaeffler publishes Sustainability Report 2023

Retrieved on: 
Wednesday, March 13, 2024

With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.

Key Points: 
  • With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.
  • As Schaeffler CEO Klaus Rosenfeld comments: “Sustainability is an integral part of our corporate strategy.
  • As part of the Roadmap 2025, “Sustainability & Engagement” is the subprogram under which Schaeffler will ensure the consistent implementation of its sustainability strategy and the achievement of its sustainability goals.
  • The Schaeffler Group’s Sustainability Report provides information on the company’s key areas of focus in 2023 and on developments in key figures and objectives within the Schaeffler Group.

China Commercial Vehicle Intelligent Chassis Industry Report 2023: Both OEMs and Suppliers Now have Made Layout of Standardized Intelligent Chassis - ResearchAndMarkets.com

Retrieved on: 
Monday, March 4, 2024

Commercial Vehicle Intelligent Chassis Industry Report, 2023, combs through and researches status quo and related product layout of OEMs and suppliers, and predicts future development trends of commercial vehicle intelligent chassis.

Key Points: 
  • Commercial Vehicle Intelligent Chassis Industry Report, 2023, combs through and researches status quo and related product layout of OEMs and suppliers, and predicts future development trends of commercial vehicle intelligent chassis.
  • Referring to the Electric Vehicle Intelligent Chassis Technology Roadmap, currently the development of commercial vehicle intelligent chassis in China focuses on four components, namely, brake-by-wire, steer-by-wire, drive-by-wire, and intelligent suspension.
  • In the trend for commercial vehicle electrification, connection and intelligence, intelligent chassis, as a development cornerstone of vehicle intelligence, has become a development priority of the industry.
  • Driven by national policies and market demand, OEMs and suppliers have quickened their pace of deploying intelligent chassis to solve the current problem of 'insufficiently flexible limbs' in commercial vehicle chassis and support intelligent upgrade of commercial vehicle chassis.

Schaeffler Announces New Automotive Manufacturing Facility

Retrieved on: 
Monday, February 26, 2024

Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    HERZOGENAURACH, Germany and FORT MILL, S.C., Feb. 26, 2024 /PRNewswire/ -- Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • These jobs will lead to growth at the company's current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • Once complete, the first phase of the facility will boast roughly 130,000 square feet of advanced manufacturing space dedicated to electric mobility solutions for the automotive industry.
  • The new manufacturing facility location is in the proximity of Schaeffler's customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company's Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

Rainbow Robotics Signs Trilateral Business Agreement with Schaeffler and Korea Electronics Technology Institute for AI-Mobile Dual-Arm Robot Development

Retrieved on: 
Wednesday, February 21, 2024

BERLIN, Feb. 21, 2024 /PRNewswire/ -- Rainbow Robotics, the robot platform company, announced that it had signed a memorandum of understanding (MOU) to co-develop AI-mobile dual-arm robots with Schaeffler and the Korea Electronics Technology Institute (KETI).

Key Points: 
  • BERLIN, Feb. 21, 2024 /PRNewswire/ -- Rainbow Robotics, the robot platform company, announced that it had signed a memorandum of understanding (MOU) to co-develop AI-mobile dual-arm robots with Schaeffler and the Korea Electronics Technology Institute (KETI).
  • Under this agreement, Schaeffler will develop and supply key components, including gearboxes for mobile dual-arm robots.
  • Rainbow Robotics will be responsible for developing AI-based robot operation solutions and overseeing the production of the mobile dual-arm robot.
  • Dr. Lee Jung-ho, CEO of Rainbow Robotics, stated, "Rainbow Robotics has already initiated technical development cooperation with Schaeffler for the development of mobile dual-arm robots through pilot projects.

Rainbow Robotics Signs Trilateral Business Agreement with Schaeffler and Korea Electronics Technology Institute for AI-Mobile Dual-Arm Robot Development

Retrieved on: 
Wednesday, February 21, 2024

BERLIN, Feb. 21, 2024 /PRNewswire/ -- Rainbow Robotics, the robot platform company, announced that it had signed a memorandum of understanding (MOU) to co-develop AI-mobile dual-arm robots with Schaeffler and the Korea Electronics Technology Institute (KETI).

Key Points: 
  • BERLIN, Feb. 21, 2024 /PRNewswire/ -- Rainbow Robotics, the robot platform company, announced that it had signed a memorandum of understanding (MOU) to co-develop AI-mobile dual-arm robots with Schaeffler and the Korea Electronics Technology Institute (KETI).
  • Under this agreement, Schaeffler will develop and supply key components, including gearboxes for mobile dual-arm robots.
  • Rainbow Robotics will be responsible for developing AI-based robot operation solutions and overseeing the production of the mobile dual-arm robot.
  • Dr. Lee Jung-ho, CEO of Rainbow Robotics, stated, "Rainbow Robotics has already initiated technical development cooperation with Schaeffler for the development of mobile dual-arm robots through pilot projects.

Ansys, Schaeffler Collaboration Drives Sustainable Product Development

Retrieved on: 
Wednesday, February 14, 2024

PITTSBURGH, Feb. 14, 2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS) and the motion technology company Schaeffler AG announced they are extending their agreement for an additional three years. Schaeffler will rely on Ansys to standardize product development workflows, reduce waste from physical prototypes, and lower the company's overall carbon footprint through digital transformation.

Key Points: 
  • Schaeffler will rely on Ansys to standardize product development workflows, reduce waste from physical prototypes, and lower the company's overall carbon footprint through digital transformation.
  • For example, including data about material composition in the research and development process will result in more innovative and sustainable products.
  • "Schaeffler is pursuing ambitious goals for its products when it comes to the strategic topic of sustainability," said Uwe Wagner, CTO at Schaeffler AG.
  • "We aim to integrate the reduction of CO2 emissions directly into the product development process.

EQS-News: Schaeffler acquires additional stake of 9 percent in Vitesco

Retrieved on: 
Tuesday, January 30, 2024

Stake previously held by BofA Securities Europe S.A. as part of a Total Return Swap agreement with Schaeffler

Key Points: 
  • Stake previously held by BofA Securities Europe S.A. as part of a Total Return Swap agreement with Schaeffler
    Herzogenaurach | January 23, 2024 | Schaeffler AG (“Schaeffler”) has entered into an agreement with BofA Securities Europe S.A. to acquire a stake of 3.6 million shares in Vitesco Technologies Group AG (“Vitesco”).
  • The price of the additional shares acquired is lower than the consideration paid by Schaeffler in the tender offer.
  • IHO, the strategic management holding of the Schaeffler family, continues to hold approximately 49.94 percent of the shares in Vitesco.
  • Together with the IHO Holding, Schaeffler now holds approximately 88.81 percent of the share capital and voting rights in Vitesco.

IDTechEx Finds Removing Rare-Earths Drives Demand for Copper in EV Motors

Retrieved on: 
Thursday, January 18, 2024

Regardless, the growing electrification of the automotive market will drive a 3.1-fold increase in copper demand for EV motors in 2034 compared with 2023.

Key Points: 
  • Regardless, the growing electrification of the automotive market will drive a 3.1-fold increase in copper demand for EV motors in 2034 compared with 2023.
  • The report considers technology evolution and provides forecasts within each of these components for copper demand between 2024 and 2034.
  • Permanent magnet motors include magnets in the rotor, induction motors include copper or aluminum bars, wound rotor motors include further copper windings, and reluctance motors are predominantly steel.
  • IDTechEx's report " Copper Demand for Cars 2024-2034: Trends, Utilization, Forecasts " builds on its " Electric Motors for Electric Vehicles 2024-2034 " report to provide an in-depth look at motor technology's impact on copper utilization, predicting a 3.1-fold increase in copper demand for EV motors between 2023 and 2034.

IDTechEx Finds Removing Rare-Earths Drives Demand for Copper in EV Motors

Retrieved on: 
Thursday, January 18, 2024

Regardless, the growing electrification of the automotive market will drive a 3.1-fold increase in copper demand for EV motors in 2034 compared with 2023.

Key Points: 
  • Regardless, the growing electrification of the automotive market will drive a 3.1-fold increase in copper demand for EV motors in 2034 compared with 2023.
  • The report considers technology evolution and provides forecasts within each of these components for copper demand between 2024 and 2034.
  • Permanent magnet motors include magnets in the rotor, induction motors include copper or aluminum bars, wound rotor motors include further copper windings, and reluctance motors are predominantly steel.
  • IDTechEx's report " Copper Demand for Cars 2024-2034: Trends, Utilization, Forecasts " builds on its " Electric Motors for Electric Vehicles 2024-2034 " report to provide an in-depth look at motor technology's impact on copper utilization, predicting a 3.1-fold increase in copper demand for EV motors between 2023 and 2034.