Vector: A giant in the traditional automotive tool chain, with revenue reaching RMB 9 billion in 2023

Vector, headquartered in Stuttgart, Germany, is a tool chain giant in the traditional automotive field, with revenue of approximately 1.16 billion euros (about 9 billion yuan) in 2023 and more than 4,000 employees. Despite the disparity in strength, domestic companies such as Yixing Technology are working hard to catch up.