Suppliers

Why EV-focused Vitesco expects 'robust' full-year sales

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"The sooner that electrified vehicles come into the market and gain market share the better for us," Vitesco CEO Andreas Wolf said.
November 15, 2022 05:00 AM

German powertrain specialist Vitesco Technologies has revised its full-year sales outlook upward after having a strong third quarter, led by demand for its electrification products. Spun off from megasupplier Continental last year in a bid to capitalize on the industry's rapid move toward electrification, Vitesco said 74 percent of its 4.3 billion euros in third-quarter orders were for e-solutions such as its battery management system. Andreas Wolf, who has led the world’s 26th-largest supplier since its inception, said he expects Vitesco to have "robust" sales of 9 billion euros or more this year, helped by higher global car production and a more reliable supply of microchips. He discussed this and more in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc and News Editor Peter Sigal.

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