EQS-News: Schaeffler sells turbocharger business in China

• Schaeffler’s turbocharger business in China, with revenue of approximately 100 million euros (2024) and around 50 employees
• (August 2025), is in decline
• Buyer is a Chinese specialist in turbocharger technology
• Purchase agreement signed today
• Transaction is part of the announced portfolio streamlining following the acquisition of Vitesco

Herzogenaurach, Germany | November 4, 2025 | Schaeffler AG is selling its Chinese turbocharger business, which is in decline and consolidated under Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology Incorporated Company (“Xiling”), a leading Chinese specialist in turbocharger technology. With this step, Schaeffler AG is implementing the portfolio streamlining strategy announced at its Capital Markets Day on September 16, 2025.

“This transaction marks an important step in our efforts to streamline our business portfolio following the acquisition of Vitesco and to focus on the areas where we can remain competitive in the long term,” explains Klaus Rosenfeld, CEO of Schaeffler AG. “As announced during our Capital Markets Day on September 16, 2025, further steps will follow.”

Schaeffler acquired the turbocharger business in 2024 through the acquisition of Vitesco Technologies. In the course of the bidding process, Xiling was selected as the preferred strategic partner. By acquiring Vitesco Automotive Shanghai Co., Ltd., Xiling intends to further develop its position among international automakers. As part of the transaction, measures have been put in place to ensure the continued supply of ongoing projects until the end of their production cycles, to minimize risks for customers, and to avoid disruptions to operations wherever possible.

Most recently, Vitesco Automotive Shanghai Co., Ltd. employed around 50 people and generated revenues of approximately 100 million euros in the last financial year. The purchase agreement was signed today. The closing of the transaction is expected in the first half of 2026, subject to regulatory approvals and mutual agreement.

Forward-looking statements and projections

Certain statements in this press release are forward-looking. By their nature, forward-looking statements involve a number of risks, uncertainties, and assumptions that could cause actual results or developments to differ materially from those expressed or implied in such statements. These risks, uncertainties, and assumptions may adversely affect the outcome and financial consequences of the plans and developments described herein. There is no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or other circumstances. Recipients of this press release should not place undue reliance on forward-looking statements, which reflect the situation only as of the date of this press release. Any statements contained in this press release regarding past trends or developments should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent oral or written forward-looking statements made by Schaeffler or persons acting on its behalf.

Schaeffler Group – We pioneer motion

The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO2-efficient drives, chassis solutions, and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. Schaeffler describes its comprehensive range of products and services by means of eight product families: from bearing solutions and all types of linear guidance systems through to repair and monitoring services. With around 110,000 employees and more than 250 locations in 55 countries, Schaeffler is one of the world’s largest family-owned companies and ranks among Germany’s most innovative companies.

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