Automotive

Vitesco Technologies GmbH

Company Profile Analysis

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Vitesco Technologies GmbH - Automotive showcase

Year Founded & Workforce

2020-12-31

37,488 Employees

Industry

AutomotiveB2BB2C

Services

V

Vitesco Technologies GmbH Overview

Company Headquarters: Regensburg, Germany

Founded: 2021

Workforce: ~37,488

Company Working: Vitesco Technologies GmbH (Vitesco) is a leading supplier of modern drive technologies and electrification solutions for automotive vehicles. Vitesco earlier was a business area of Continental AG until September 2021. The company operates into various business segments such as electrification technology, electronics control, sensing & actuation, contract manufacturing and others. The company’s broad array of products is used in several automotive vehicles all over the world and helps the auto manufacturers to meet the stringent code and regulatory requirements with its highly engineered products. The product portfolio consists of electric drive units, electronic controls, sensors, actuators, and other systems & solutions for treating exhaust gases. The company has its development and production sites at 50 different locations, in all growing markets like North America, Europe, and China.

Strategy

Vitesco strategy ‘Direction 2030’ is focused on five main areas like, becoming a leader in electrified solutions, business excellence, focus on its own people, to be a driver of sustainability and become investors choice. The aim is to create a sustainable enterprise with an important mission to improve the quality of life and the environment. The company will continue to provide the world with products and solutions that will help its customers manage power safely, sustainably reliably, and efficiently.

Company Snapshot

$8,830.1M

Revenue

37,488

Employees

2020-12-31

Founded

Regensburg, Germany

Headquarters

SWOT Analysis

Strengths

  • Worldwide recognition for developing intelligent and reliable solutions

Weaknesses

  • Does not have independent dealer networks
  • Over dependence on a small number of major customers

Opportunities

  • Expansion in Asian market to increase the financial stability and stronger market presence

Threats

  • Geopolitical volatility and political upheaval
  • Default risks in connection with cash and cash equivalents

Key Developments

DateApproachDevelopment
May 2022CollaborationVitesco Technologies has collaborated with Infineon Technologies AG for silicon carbide (SiC) semiconductors. This co-operation will open the new possibility of the strong growth in the field of electromobility.
March 2022CollaborationVitesco Technologies has collaborated with Vector, specialists for software and automotive electronics to accelerate software development in the field of coordinated vehicle movement with a central master controller.

Product Offering

  • Vitesco Technologies GmbH
    • Park-Lock Actuator

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Vitesco Technologies GmbH as part of our ongoing coverage of the Automotive sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Vitesco Technologies GmbH

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