ZF Friedrichshafen AG

A global leading supplier of mobility products and systems for passenger and commercial vehicles. Providing solutions in the transportation and mobility sector for automotive companies, mobility companies, and startups.The company's systems and solutions focus on vehicle electrification, emission reduction, and enhanced safety across four technological areas: vehicle dynamics control, integrated safety, autonomous driving, and electric mobility. The company develops and produces powertrain systems, chassis systems, active/passive safety technologies, electric mobility systems, electronic products, sensors, and more.In the past, ZF's investment in research and development accounted for about 5% of sales. Since the 2017 fiscal year (ending December 2017), the R&D ratio has increased to over 6%, and in recent years, the R&D ratio has steadily increased. In the 2024 fiscal year (ending December 2024), the company will increase its R&D investment from 3.5 billion euros to 3.6 billion euros, raising the R&D ratio from 7.6% to 8.6%, surpassing the 8% threshold for the first time in recent years.In general, the company has always focused on R&D investment to ensure that its existing products and processes keep pace with changes and trends in the automotive industry. Specifically, the company places key investments in the fields of artificial intelligence, digital twin technology, and sustainability.In 2024, the company reorganized its R&D operations, transitioning from corporate R&D to specific departments and centrally managing other activities. In March 2022, the company reached an agreement with AEQUITA SE & Co. KGaA to sell the electronic interface product line of the Electric Powertrain Technology Division.On November 30, 2023, this product line was successfully sold. ZF's business operations are divided into several divisions, which are further subdivided into business units.On January 1, 2024, ZF integrated its Active Safety Systems Division and Chassis Technology Division, and established the new Chassis Solutions Division. In March 2024, the company’s Passive Safety Systems Division was renamed ZF Lifetec and became an independent company.Currently, the company operates in the following departments and business units: