Schaeffler sells turbocharger business in China
Schaeffler’s turbocharger business in China, with revenue of approximately 100 million euros (2024) and around 50 employees (August 2025), is in decline Buyer is a Chinese specialist in turbocharger technology Purchase agreement signed today Transaction is part of the announced portfolio streamlining following the acquisition of Vitesco Schaeffler AG is selling its Chinese turbocharger business, which is in decline and consolidated under Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology Incorporated Company (“Xiling”), a leading Chinese specialist in turbocharger technology. With this step, Schaeffler AG is implementing the portfolio streamlining strategy announced at its Capital Markets Day on September 16, 2025. “This transaction marks an important step in our efforts to streamline our business portfolio following the acquisition of Vitesco and to focus on the areas where we can remain competitive in the long term,” explains Klaus Rosenfeld, CEO of Schaeffler AG. “As announced during our Capital Markets Day on September 16, 2025, further steps will follow.” Schaeffler acquired the turbocharger business in 2024 through the acquisition of Vitesco Technologies. In the course of the bidding process, Xiling was selected as the preferred strategic partner. By acquiring Vitesco Automotive Shanghai Co., Ltd., Xiling intends to further develop its position among international automakers. As part of the transaction, measures have been put in place to ensure the continued supply of ongoing projects until the end of their production cycles, to minimize risks for customers, and to avoid disruptions to operations wherever possible. Most recently, Vitesco Automotive Shanghai Co., Ltd. employed around 50 people and generated revenues of approximately 100 million euros in the last financial year. The purchase agreement was signed today. The closing of the transaction is expected in the first half of 2026, subject to regulatory approvals and mutual agreement.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Schaeffler wins major order to supply dual inverters for the North American market
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
