Vitesco Technologies, the powertrain unit that Continental plans to spin off on Thursday, has nearly 15 billion euros in orders for its electrification products. CEO Andreas Wolf explained what is driving interest in the supplier's systems and components in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc.
Where is Vitesco on its journey to becoming a listed company?
It's the final sprint now. All the necessary steps from authorities are done. Now we look with ever-increasing interest toward the first listing day (tomorrow, Sept. 16).
What has Vitesco done in the last few months to generate interest from potential investors?
We have seen a lot of investors and what we have done is show them our products, such as the fourth generation of our electric axle. We have also shown our fourth-generation inverter. What they are happy to see is that we have achieved modularity with a number of our products. That means many of our products don't have to be developed from scratch.