ZF Takes Concrete Steps to Resume Production
2022-06-08 Source：www.chinabuses.org
Summarize：On June 1, Shanghai removed its lockdown measures and life in the city gradually returned to normality On the
On June 1, Shanghai removed its lockdown measures and life in the city gradually returned to normality. On the same day, ZF took a number of concrete steps to resume its production in Shanghai.
According to ZF, ZF Automotive System (Shanghai) Co., Ltd. has remained in operation since March, 13 this year. As of the end of May, over 820 employees, about 75% of the company’s entire work force, had returned to their post.
As a part of ZF’s core business, ZF Automotive System (Shanghai) Co., Ltd. is specialized in developing, producing and assembling chassis, braking systems, steering systems, safety systems, electronic control systems. It has been the key supplier for major auto makers in China, South Korea, Japan and Germany.
Since its establishment, ZF Automotive System (Shanghai) Co., Ltd. has won a number of honors, including Top Ten Enterprises in Anting Town, Outstanding Manufacturer in Jiading District, Top 100 Foreign-Funded Enterprises in Jiading District for Job Creation, Top 100 Foreign Funded Enterprises in Jiading District for Export Revenue.
Shanghai is home to ZF Asia-Pacific Headquarters, two ZF R&D Centers and 11 ZF factories. In 2021, ZF in Shanghai realized an output value of over 20 billion RMB. In the same year, ZF’s sales revenue in Asia-Pacific region accounted for 23.5% of ZF’s total sales revenue. ZF Asia-Pacific aims to increase the percentage of its sales revenue to 30% of ZF’s global sales by 2030,
“Despite all challenges, we are fully confident for a quick recovery as China is not only the largest, but also the most resilient auto market in the world”, said Dr. Holger Klein, a member of the board of ZF.
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