Vitesco's optimism about EV shift grows as spinoff nears completion

Continental's plans to spin off its powertrain business to create Vitesco Technologies were delayed by a year because of the pandemic. Vitesco CEO Andreas Wolf used the time to confirm that it is prepared to become a stand-alone specialist in electrified drivetrains. By 2030, Vitesco expects 60 percent of all powertrains to be electrified. In addition, the supplier's boss wouldn't be surprised to see that number because of rising interest in electrification in North America, led by General Motors' announcement that it would have an all-electric lineup there by 2035. Wolf spoke about the future of electrification and a range of other topics with Automotive News Europe Managing Editor Douglas A. Bolduc and News Editor Peter Sigal.