Vitesco Technologies GmbH

Vitesco Technologies GmbH Overview

Company Headquarters: Regensburg, Germany

Founded: 2021

Workforce: ~37,488

Company Working: Vitesco Technologies GmbH (Vitesco) is a leading supplier of modern drive technologies and electrification solutions for automotive vehicles. Vitesco earlier was a business area of Continental AG until September 2021. The company operates into various business segments such as electrification technology, electronics control, sensing & actuation, contract manufacturing and others. The company’s broad array of products is used in several automotive vehicles all over the world and helps the auto manufacturers to meet the stringent code and regulatory requirements with its highly engineered products. The product portfolio consists of electric drive units, electronic controls, sensors, actuators, and other systems & solutions for treating exhaust gases. The company has its development and production sites at 50 different locations, in all growing markets like North America, Europe, and China.

Strategy

Vitesco strategy ‘Direction 2030’ is focused on five main areas like, becoming a leader in electrified solutions, business excellence, focus on its own people, to be a driver of sustainability and become investors choice. The aim is to create a sustainable enterprise with an important mission to improve the quality of life and the environment. The company will continue to provide the world with products and solutions that will help its customers manage power safely, sustainably reliably, and efficiently.

Company Snapshot

$8,830.1M

Revenue

37,488

Employees

2021

Founded

Regensburg, Germany

Headquarters

SWOT Analysis

Strengths

Worldwide recognition for developing intelligent and reliable solutions

Weaknesses

Does not have independent dealer networks
Over dependence on a small number of major customers

Opportunities

Expansion in Asian market to increase the financial stability and stronger market presence

Threats

Geopolitical volatility and political upheaval
Default risks in connection with cash and cash equivalents

Key Developments

Date	Approach	Development
May 2022	Collaboration	Vitesco Technologies has collaborated with Infineon Technologies AG for silicon carbide (SiC) semiconductors. This co-operation will open the new possibility of the strong growth in the field of electromobility.
March 2022	Collaboration	Vitesco Technologies has collaborated with Vector, specialists for software and automotive electronics to accelerate software development in the field of coordinated vehicle movement with a central master controller.

Product Offering

Vitesco Technologies GmbH
- Park-Lock Actuator

Financial Performance

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