Vitesco Technologies

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Vitesco Technologies
TypeAktiengesellschaft
ISINDE000VTSC017
Industryautomotive supplier
FoundedJanuary 1, 2019; 3 years ago (2019-01-01)
Headquarters
Regensburg
,
Germany
Area served
worldwide
Key people
Prof. Siegfried Wolf (Chairman) Andreas Wolf (CEO)
Revenue8 billion Euro (2020)
Number of employees
about 40,000
Websitevitesco-technologies.com

Vitesco Technologies (known as Continental Powertrain until autumn 2019), 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 solutions for electric drive as well as internal combustion engines.

History[]

On January 1, 2019, Continental Powertrain was carved out from the Continental AG.[2][3][4] As part of the overall restructuring of Continental AG, Continental Powertrain was formed as the first of three new group sectors. Together with Continental Automotive Technologies and Continental Rubber Technologies, the three sectors make up the new structure of Continental since January 2020.[5] The brand name was changed from Continental Powertrain to Vitesco Technologies. The new name was officially introduced on October 1, 2019.[6][7] The new brand name originates from the Latin word “vita” (life). With this, the company aims to express its ability to react quickly and flexibly to the changing demands of the industry.[3][8]

It was planned to spin off Vitesco Technologies from Continental in September 2021 and list on the stock exchange.[9] On September 16, 2021 Vitesco became independent from Continental.

Company Structure[]

Vitesco Technologies was founded to act as a more independent and entrepreneurially flexible company.[10] Andreas Wolf had headed Continental's Powertrain division since 2018 and became CEO of Vitesco Technologies after the demerger.

Vitesco Technologies has three business units which act economically independent:[3]

  • Electronic Controls
  • Electrification Technology
  • Sensing & Actuation

Products[]

The company develops intelligent system solutions and 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 solutions.[11]

The products of Vitesco Technologies include electric drives, from 48-volt-systems and hybrid technologies to high-voltage components. In 2019, the company introduced their 48-volt-high-power drive with an output of 30 kW. The 48-volt-hybrid component, consisting of an electric machine with integrated power electronics as well as a battery, has comparable functions to a high-voltage electric machine; however it is more compact, lighter and cheaper to produce while having the same efficiency. In the high-voltage segment, Vitesco Technologies offers an axle drive with two power outputs, 120 or 150 kW. The high-voltage axle drive combines the electric engine, power electronics and reduction gear in one. Because of its size and efficiency, it is suitable for numerous vehicles and concepts.[12][13]

Power electronics, which control the cooperation between the electric machine and the battery, are another part of the product portfolio. Vitesco Technologies supplies various types of electronic vehicles with power electronics: from plug-in hybrids and electric cars with highly integrated axle drives to electric high-performance 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.[14]

References[]

  1. ^ Reimann, Annina. "E wie Experiment : Contis Weg aus der Krise". www.wiwo.de (in German). Retrieved 2019-10-15.
  2. ^ "Autozulieferer: Continental reagiert mit radikalem Umbau auf den Wandel der Autowelt" (in German).
  3. ^ a b c "Powertrain startet in die Eigenständigkeit" (in German).
  4. ^ Uhr, 01 Oktober 2019 05:00. "Aus "Division Powertrain" wird Vitesco". Mittelbayerische Zeitung (in German). Retrieved 2019-10-15.
  5. ^ "Continental's Powertrain Division to now operate as an independent entity". Automotive Purchasing and Supply Chain. Retrieved 2019-10-31.
  6. ^ Automobilwoche. "Aus Powertrain wird Vitesco Technologies: Conti-Antriebssparte startet in die Eigenständigkeit". Automobilwoche.de (in German). Retrieved 2019-10-31.
  7. ^ "Continental AG Powertrain Arm Rebrands as Vitesco Technologies, Supplying Electric Drive Units to Hyundai and Groupe PSA". www.futurecar.com. Retrieved 2020-04-17.
  8. ^ Uhr, 09 Oktober 2019 12:15. "Vitesco setzt Großauftrag um". Mittelbayerische Zeitung (in German). Retrieved 2019-10-15.
  9. ^ "Vitesco Technologies drives the development of e-mobility towards a mass market". Automotive World. 2021-03-25. Retrieved 2021-06-08.
  10. ^ Automobilwoche. "Aus Powertrain wird Vitesco Technologies: Conti-Antriebssparte startet in die Eigenständigkeit". Automobilwoche.de (in German). Retrieved 2019-10-31.
  11. ^ "Über uns" (in German).
  12. ^ "Meilenstein der Elektromobilität: Continental baut ersten voll integrierten Achsantrieb für die Großserie" (in German).
  13. ^ Uhr, 09 Oktober 2019 12:15. "Vitesco setzt Großauftrag um". Mittelbayerische Zeitung (in German). Retrieved 2019-10-15.
  14. ^ "Neues Powermodul von Continental kombiniert Elektromobilität mit maximalem Fahrspaß" (in German).


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