Schaeffler Electric Drive expects to receive 5 billion euros in new orders in 2022

Matthias Zingke, CEO of Schaeffler Group's Automotive Technology Division, said that China is the main innovation base of the global automotive industry, and Schaeffler will deepen its local strategy, increase investment, and provide innovative products. The company has achieved remarkable results in the field of electric drive, with an additional 5 billion euros in orders in 2022, totaling 16 billion euros. Matthias Zingke admired the development of Chinese automakers and was optimistic about their global market competitiveness.