/ Daily News/August 04, 2022 Guangzhou -- ZF Group has made another major investment move in China. On August 3rd, the Group's ZF Automotive Technology (Shanghai) Co., Ltd. signed a new phase of investment agreement with Shanghai Anting Economic Development Center to expand the product variety and production capacity of electronic power steering system (EPS) in China, and continue to be optimistic about the Chinese automotive industry. With a total investment of RMB320 million in the first phase of the newly signed project, ZF will expand the production of electronic power steering system (EPS) products by adding approximately 4,000 square meters of floor space to its existing plant in Anting Town, Shanghai. The project is scheduled to begin production in mid-2023. In 2024, new EPS sales are expected to increase by about 1 billion yuan over 2022 sales.
ZF electronic power steering system (EPS) has the advantages of perfect product category distribution, excellent steering performance and high fault tolerant product architecture. It supports the automatic driving function above L3 level. It is a model of applying the latest electronic technology and high-performance motor control technology to automotive steering system, which can significantly improve the dynamic and static performance of vehicles. Improve the driver's comfort and safety while driving, at the same time EPS electronic application and reduce the required energy consumption, effectively improve the environmental protection level of the product. Zf continues to successfully introduce closed-loop torque control logic into the product, providing dual redundant controller motor assembly EPP systems for autonomous driving capabilities above L3 level and mechanical systems with higher rack force to meet customer needs for next-generation mobility and a broader market prospect.
As an industry leader, ZF always synchronizes the global product technology and its updates and iterations in the Chinese market at the fastest speed. After successfully producing electronic power steering systems locally in 2010, ZF completed the introduction of the first electronic power steering system in China to a Chinese vehicle manufacturer in 2012. Subsequently, ZF has been maintaining a high quality level of service to local customers. This year, we will continue to mass-produce dual-redundant steering products that meet the L3 /L4 autonomous driving capabilities. Assist the Oems to complete the mission of vehicle autonomous driving upgrade. In 2022, ZF has obtained the steering-by-wire business from local customers and implemented the global steering-by-wire import strategy simultaneously. Dr. Holger Klein, ZF Group Director, said: "China is the world's largest automotive market, and it is dynamic and resilient. We are confident of our development in China. As a multinational company, we have always been an integral part of China's economic and social development. Zf Group will continue to invest in China to lead the next generation of mobility." Wang Runyi, President of ZF China and Senior Vice President of Asia Pacific Operations, said, "Anting enjoys the reputation of an international automobile city and is an important base for the ZF Group to do business in the Asia Pacific region. We have set up Anting Technology Center and several factories here, which strongly support the Asia-Pacific and global business. The EPS capacity expansion not only shows the strong demand of domestic and international automobile manufacturers for ZF's high-quality electronic steering power system, but also the latest measure of our customer-centered philosophy to deepen investment in China and optimize and upgrade our production capacity. Zf will continue to deepen its efforts in the Chinese market, strengthen innovation and development capabilities, promote digital manufacturing, stay close to and lead the market and technology wave, firmly assume social responsibility, and contribute to China's sustainable development.""ZF first started the production of EPS products in 2001 and has produced more than 70 million units for customers worldwide," said Michael Ebenhoch, senior Vice president, Active Safety, Asia Pacific, ZF. Since the technology went into full production in China in 2012, ZF has produced more than 17 million electronic power steering systems for the Chinese market. This expansion is another important step in the Group's future-oriented commitment to sustainable development. We will continue to improve product research and development and customer service, and make due contribution to improving the technology content of China's automotive industry and promoting market prosperity." Yan Jianming, party chief of Anting town, said: "ZF Group is one of the world's largest auto parts suppliers with operations in 31 countries. Zf has been in China for more than 40 years and has participated in the beginning, development and take-off of China's automotive and industrial markets. It is believed that the re-cooperation with Anting will play an important role in promoting the global development of the group and inject strong vitality into the high-quality development of Anting industry. The town Party Committee and government will, as always, provide better services and support for enterprises, create a better business environment, fully support project construction, and promote the implementation of cooperation projects. We also hope that ZF Group can give full play to its professional advantages, bring more new ideas and technologies to Anting, and bring more business segments and innovative projects to Anting, so as to jointly create a better future."
ZF Automotive Technology (Shanghai) Co., Ltd. consists of Anting Technology Center and automotive electronic power steering plant, mainly engaged in the development of automotive active safety systems (braking and steering), passive safety systems, electronic and advanced driver assistance systems, vehicle motion control systems and other products and technologies, automotive electronic power steering production. Including tubular electronic power steering machine, belt electronic power steering machine and double pinion electronic power steering machine in the industry of leading products. < /p>ZF has set up nearly 50 manufacturing enterprises, four research and development centers, and nearly 240 after-sales service outlets in more than 20 cities in China, with 20,000 employees in China. Asia Pacific, with China as the main part, accounts for about 25% of ZF Group's global sales. Zf's sales in China have reached 7 billion euros, accounting for about 20% of global sales. Asia Pacific aims to increase the share of the region's sales in the world to 30% by 2030. Zf has impressed the industry this year with its continued presence in the Asia Pacific region. This spring, ZF broke ground on its fourth R&D center in China, the ZF Guangzhou Technology Center. In July, ZF announced the construction of a factory in Rizhao, Shandong Province, with a total investment of 60 million euros.
