German auto supplier ZF views China as important market

    Source: Xinhua| 2018-03-22 21:52:41|Editor: Zhou Xin
    Video PlayerClose

    FRIEDRICHSHAFEN, Germany, March 22 (Xinhua) -- "China is an important market for us, where we will constantly expand our business and robustly push forward localization." Wolf-Henning Scheider, chief executive officer of German auto supplier ZF Friedrichshafen AG, told Xinhua ahead of ZF annual press conference, which was held Thursday in Friedrichshafen.

    As a global leading auto supplier in driveline and chassis technology as well as active and passive safety technology, ZF has recorded revenue of 36.4 billion euros in 2017, with year-on-year increase of 3.6 percent, according to the annual report released Thursday.

    The Commercial Vehicle Technology and Car Powertrain Technology Divisions recorded above-average sales increase. In particular, ZF's car automatic passenger car transmissions, combined with the highly integrated electric motor, still features great growth potential, said the ZF's new CEO at the press conference.

    With sales of 7.78 billion euro in Asia-Pacific, of which over 85 percent came from China, that region contributed 21 percent of the whole revenue of ZF last year, following Europe and North America.

    Since entering China in 1981, ZF has made steady development in China with setting up two regional headquarters, and 32 manufacturing enterprises, 3 aftersales service and trade companies as well as 239 aftersales service networks in China.

    Scheider was much convinced that the Chinese market would remain strategic growing market along with its open and sustainable economic environment.

    Furthermore, driven by local teams, ZF aims to establish comprehensive capabilities in China, localizing all of products both for automotive applications and for industrial applications in China, according to Scheider.

    Keeping strong investment in innovation, ZF spent 2.2 billion euros on research and development in 2017, an increase of almost 15 percent compared to 2016.

    With investing more that 2 billion euro particularly in advancing electric drives and the hybridization of transmission technology as well as vehicle safety systems and automated driving, the share of the ZF budget allocated to R&D will rise to 6.5 percent this year, said Scheider.

    Beyond two existing R&D centers in Shanghai, ZF will further enlarge its innovation capabilities in China, he added. (1 euro = 1.23 U.S. dollars)

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011100001370579461
    主站蜘蛛池模板: 久久久无码精品亚洲日韩蜜桃| 免费成人在线观看| 992tv国产人成在线观看| 日本乱偷互换人妻中文字幕| 亚洲日韩AV一区二区三区四区| 美女大量吞精在线观看456| 国产精品538一区二区在线 | 美女扒开尿口让男人桶免费网站 | 国产性夜夜春夜夜爽三级| 99久久国产综合精品swag| 成人美女黄网站色大色下载| 五月天久久婷婷| 欧美视频自拍偷拍| 医生系列小说合集| 青娱乐精品视频| 国产精品99久久不卡| 99久久精品日本一区二区免费| 成人污视频在线观看| 久久怡红院亚欧成人影院 | 国产成人精品男人的天堂网站| 99热热久久这里只有精品166| 成在人线AV无码免费| 久久精品国产99国产精偷| 欧美成人免费全部观看天天性色 | 91精品国产一区| 好紧好爽太大了h视频| 久久久久久AV无码免费网站| 校花小雪和门卫老头阅读合集| 亚洲熟妇无码爱v在线观看| 精品久久人人妻人人做精品| 国产乱子伦农村XXXX| 欧美人与动性xxxxbbbb| 大桥久未无码吹潮在线观看| 东京热一精品无码av| 日本免费大黄在线观看| 亚洲AV无码一区二区一二区| 欧美精品专区第1页| 免费一级毛片在线播放泰国 | 女人毛片a级大学毛片免费| 中文字幕在线观看| 日本最大色倩网站www|