Schaeffler Sells Chinese Turbocharger Business

Schaeffler AG has announced the sale of its turbocharger business in China to Chengdu Xiling Power Science & Technology Inc. This decision forms part of Schaeffler's strategy to streamline its portfolio following the acquisition of Vitesco Technologies. The business, which employed 50 people and generated approximately 100 million euros in 2024, will transfer to Xiling to strengthen its position among international automakers.

The purchase agreement was signed, and the transaction is anticipated to close in the first half of 2026, pending regulatory approval. Measures are in place to ensure the continued supply for ongoing projects, minimizing risks for customers.

Klaus Rosenfeld, CEO of Schaeffler AG, stated that this move is crucial for the company's long-term competitiveness. This sale marks the first step in the company's new strategic direction, with further actions expected to follow.