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ZF: New Commercial Vehicle Division for E-Mobility and Digitalization
Under the name "Commercial Vehicle Solutions" (CVS), the technology group ZF Friedrichshafen AG has introduced a new commercial vehicle division at the beginning of the year under the banner of e-mobility, autonomous driving, and digitalization. The new section was formed from the merger of the two previous ZF divisions, Commercial Vehicle Technology and Commercial Vehicle Control Systems (acquired from Wabco). In the "core technology fields" of e-mobility, digitalization, and autonomous and connected driving, the company sees the department in a leading position through the consolidation of its expertise, according to reports.
Now, the company aims to work on key developments for "safe, sustainable, and digitized transport," reports ZF, which acquired the provider of electronic vehicle and drive systems Wabco in May 2020. The group expects significant growth in this field, as the now expanded technological range and global presence enable them to offer their customers targeted solutions for the "transformation of their product portfolio" from a single source, says ZF Board Member Wilhelm Rehm, who leads the new division. "We are thus making a substantial contribution to the profitable growth of the ZF Group."
In addition to a global positioning, ZF also offers an attractive and universally accessible customer service for truck, bus, and trailer manufacturers or fleet operators through its regional structure. This will also advance the global growth decisively through the newly formed department under the corporate strategy "Next Generation Mobility."
Translated automatically from German.
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