Vitesco Technologies

Last updated

Vitesco Technologies Group AG
Company type Public ( Aktiengesellschaft )
FWB:  VTSC
LSE:  0AAF
OTC Pink  Current: VTSCF
OTC Pink  Current: VTSCY (ADR)
ISIN DE000VTSC017
US92853L1089
IndustryAutomotive supplier
Founded1 January 2019;6 years ago (2019-01-01)
Headquarters
Regensburg
,
Germany
Area served
Worldwide
Key people
Andreas Wolf (CEO)
Revenue9.23 billion euro (2023)
Number of employees
approx. 35,500 (2023)
Website vitesco-technologies.com

Vitesco Technologies Group AG (known until autumn 2019 as Continental Powertrain), headquartered in Regensburg, is a German automotive supplier for drivetrain and powertrain technologies. Vitesco Technologies was a business area of Continental AG [1] until it became independent in September 2021. The company develops devices for electric vehicles as well as internal combustion engines.

Contents

History

On 1 January 2019, Continental Powertrain was carved out from the Continental AG. [2] [3] [4] The brand name was changed from Continental Powertrain to Vitesco Technologies. The new name was introduced on 1 October 2019. [5] [6]

In 2019, the company introduced a 48-volt-high-power drive with an output of 30 kW. [7] [8]

On 16 September 2021, Vitesco Technologies became independent from Continental and was listed on the Frankfurt Stock Exchange. [9]

On 1 October 2024, Vitesco Technologies merged with Schaeffler Group.

Company structure

Vitesco Technologies was founded to act as a more independent and entrepreneurially flexible company. [5] Andreas Wolf had headed Continental's Powertrain division since 2018 and became CEO of Vitesco Technologies after the demerger.

Vitesco Technologies has two divisions which act economically independent: [10] [11]

Products

The company develops components for hybrid electric, electric drive and combustion engines. The product portfolio includes electric drives, electronic control units, sensors and actuators, as well as exhaust management devices. [12]

The products include electric drives, including 48-volt-systems, hybrid technologies, and high-voltage components.

Electric machine

The 48-volt-hybrid component, consisting of an electric machine with integrated power electronics and battery, has comparable functions to a high-voltage electric machine. It is more compact, lighter and cheaper to produce, while having the same efficiency.

Axle drive

Its high-voltage axle drive has two power outputs, 120 and 150 kW. It combines the electric machine, power electronics and reduction gear in one unit. Its size and efficiency makes it suitable for vehicles. [7] [8]

Power electronics

Power electronics control the cooperation between the electric machine and the battery. Vitesco offers various types of vehicles with power electronics: plug-in hybrids and battery electric vehicles. The integrated power module allows a current of up to 650  amperes and provides the electric machine with energy and controls the energy recovery. [13]

Electronics motor reducer (EMR4)

This machine uses an externally-excited synchronous motor. Its rotor uses no permanent magnets and no rare earth minerals. The company claims that its motor provides power and efficiency comparable to permanent magnet synchronous motors, but at lower cost. The machine saves one watt-hour of electricity per kilometre (5%), because no permanent magnetic field brakes the rotor. [14]

References

  1. ↑ Reimann, Annina (23 September 2019). "E wie Experiment : Contis Weg aus der Krise". wiwo.de (in German). Retrieved 15 October 2019.
  2. ↑ "Autozulieferer: Continental reagiert mit radikalem Umbau auf den Wandel der Autowelt". Archived from the original on 9 October 2023. Retrieved 18 December 2019.
  3. ↑ "Powertrain startet in die Eigenständigkeit". Continental (in German). 30 April 2019. Archived from the original on 24 October 2020. Retrieved 18 December 2019.
  4. ↑ "Aus "Division Powertrain" wird Vitesco". Mittelbayerische Zeitung (in German). 1 October 2019. Archived from the original on 20 March 2020. Retrieved 15 October 2019.
  5. 1 2 Mauerer, Gerhard (30 April 2019). "Aus Powertrain wird Vitesco Technologies: Conti-Antriebssparte startet in die Eigenständigkeit". Automobilwoche.de (in German). Retrieved 31 October 2019.
  6. ↑ "Continental AG Powertrain Arm Rebrands as Vitesco Technologies, Supplying Electric Drive Units to Hyundai and Groupe PSA". futurecar.com. Retrieved 17 April 2020.
  7. 1 2 "Meilenstein der Elektromobilität: Continental baut ersten voll integrierten Achsantrieb für die Großserie". Continental (in German). Archived from the original on 16 July 2019. Retrieved 18 December 2019.
  8. 1 2 "Vitesco setzt Großauftrag um". Mittelbayerische Zeitung (in German). 9 October 2019. Archived from the original on 22 October 2020. Retrieved 15 October 2019.
  9. ↑ "Vitesco Technologies successfully debuts on the Frankfurt Stock Exchange". Automotive World. 16 September 2021. Retrieved 28 March 2022.
  10. ↑ "Vitesco ist elektrisiert" . 25 March 2022. Retrieved 26 April 2023.
  11. ↑ Manthey, Nora (27 March 2022). "Vitesco records major earnings from electrification". electrive.com.
  12. ↑ "Über uns". Continental. Archived from the original on 29 September 2019. Retrieved 18 December 2019.
  13. ↑ "Neues Powermodul von Continental kombiniert Elektromobilität mit maximalem Fahrspaß". Continental (in German). Archived from the original on 29 September 2019. Retrieved 18 December 2019.
  14. ↑ Hammerschmidt, Christoph (3 May 2023). "Traction motor gets by without rare earths". eeNews Europe. Retrieved 20 September 2023.
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