Schaeffler AG Invests €160 Million in Digitalization and Electrification
The automotive and industrial supplier is investing heavily in its future by focusing on digitalization and electrification.
The company is investing €160 million in a new Digital Innovation Hub in Herzogenaurach, Germany, which will house 500 engineers and IT specialists.
The hub will develop new digital products and services, such as predictive maintenance and remote diagnostics, and will work closely with the company's other research and development centers around the world.
Schaeffler is also investing in electrification, with a focus on developing electric motors, power electronics, and battery systems. The company is partnering with other companies in the automotive industry to develop new electric vehicles and charging infrastructure.
These investments are part of Schaeffler's long-term strategy to become a leading supplier of digitalized and electrified products and services for the automotive and industrial sectors.
The Digital Innovation Hub
The Digital Innovation Hub will be located in Herzogenaurach, Germany, and will be home to 500 engineers and IT specialists. The hub will develop new digital products and services, such as predictive maintenance and remote diagnostics, and will work closely with the company's other research and development centers around the world.
The hub will be a key part of Schaeffler's digitalization strategy, which is focused on developing new ways to use data to improve the efficiency and performance of its products and services.
Electrification
Schaeffler is also investing heavily in electrification, with a focus on developing electric motors, power electronics, and battery systems. The company is partnering with other companies in the automotive industry to develop new electric vehicles and charging infrastructure.
Schaeffler's electrification strategy is driven by the increasing demand for electric vehicles around the world. The company is investing in new technologies to meet the needs of its customers and to help them transition to a more sustainable future.
Conclusion
Schaeffler AG is investing heavily in its future by focusing on digitalization and electrification. The company is investing €160 million in a new Digital Innovation Hub in Herzogenaurach, Germany, which will house 500 engineers and IT specialists.
The hub will develop new digital products and services, such as predictive maintenance and remote diagnostics, and will work closely with the company's other research and development centers around the world.
Schaeffler is also investing in electrification, with a focus on developing electric motors, power electronics, and battery systems. The company is partnering with other companies in the automotive industry to develop new electric vehicles and charging infrastructure.
These investments are part of Schaeffler's long-term strategy to become a leading supplier of digitalized and electrified products and services for the automotive and industrial sectors.
