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companyAutomotive supplier (powertrain & electrification)Germany

Vitesco Technologies

German automotive powertrain and electrification supplier, now part of the Schaeffler Group

Wikipedia — Vitesco Technologies

Vitesco Technologies Group AG is a German automotive supplier headquartered in Regensburg, Germany, focused on drivetrain and powertrain technologies. Founded on 1 January 2019, it was a business area of Continental AG (known until autumn 2019 as Continental Powertrain) until becoming independent in September 2021. It traded on the Frankfurt Stock Exchange under the ticker VTSC, with Andreas Wolf as CEO.

The company specializes in electrification and powertrain technologies for vehicles, including electric drive systems, electronic controls, and related components supporting the transition to electromobility. As of 2023, it reported revenue of 9.23 billion euros and approximately 35,500 employees.

In a major ownership change, Schaeffler AG and Vitesco entered into a merger agreement on 13 March 2024. The takeover was completed in late 2024, with Vitesco shares exchanged for new Schaeffler common shares at a ratio of 1:11.4, and trading in the new shares commenced on 2 October 2024. Vitesco now operates as part of the Schaeffler Group's "Motion Technology Company" rather than as an independent entity.

Given Vitesco's focus on electrification and powertrain technologies, innovations in this space are directly relevant to its core business of advancing electromobility components and systems.

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