ZF LIFETEC Sustains Growth Momentum, Deepening Commitment to China Market
2025-03-28 Source：www.chinabuses.org
Summarize：At the ZF Group's 2024 Annual Financial Results Conference, it was announced that ZF LIFETEC—a global leader in automotive passive safety technology—continued its growth trajectory. In its inaugural year as an independently operated brand, ZF LIFETEC achieved sales of approximately €4.8 billion (€4.7 billion in 2023), marking a 1.6% year-on-year increase. Despite the global light vehicle market downturn, the company once again outperformed the market to achieve growth.
At the ZF Group's 2024 Annual Financial Results Conference, it was announced that ZF LIFETEC—a global leader in automotive passive safety technology—continued its growth trajectory. In its inaugural year as an independently operated brand, ZF LIFETEC achieved sales of approximately €4.8 billion (€4.7 billion in 2023), marking a 1.6% year-on-year increase. Despite the global light vehicle market downturn, the company once again outperformed the market to achieve growth.
Resilience Amid Industry Shifts
Regardless of industry fluctuations, ZF LIFETEC has maintained upward momentum, solidifying its position as the world's second-largest player in the passive safety market. As global safety regulations tighten and trends like electrification, (semi-)autonomous driving, and smart cabins drive demand, ZF LIFETEC is well-positioned to capitalize on future growth opportunities. The company continues to invest in R&D, operational excellence, customer service, and global expansion, demonstrating robust development potential.
Technology-Driven Innovation: Leading Industry Transformation
Since the brand's formal launch in 2024, ZF LIFETEC has unveiled a suite of innovative products across airbags, seatbelts, and steering systems. Leveraging intelligent interaction, active-passive integration, and forward-looking technology pipelines, the company has delivered standout solutions.
Next-Gen Foldable Steering Wheel: Embedded with sensors, software, and electronics, offering OEMs design flexibility.
ACR8/ACR8.S Active Control Retractors: Provide haptic warnings and pre-crash autonomous tightening for enhanced occupant protection.
Curtain and Far-Side Airbags: Industry-leading solutions featured in top-tier vehicle models.
Zero-Gravity Seat Safety System & Always-Aware Safety Cockpit: Conceptual innovations showcased at tech exhibitions, earning industry acclaim.
At Auto Shanghai 2025, ZF LIFETEC will unveil new R&D achievements, including passive safety solutions for two-wheelers.
Localization Strategy: Continuous Investment & Technical Empowerment
ZF LIFETEC prioritizes the Asia-Pacific region as a strategic hub. In 2024, the new brand accelerated its expansion in China, aligning with growing local automotive demands. Key milestones include:
March: Launch of ZF LIFETEC's Weihai production base for seatbelt webbing, enhancing quality and cost-efficiency.
April: Opening of the largest airbag manufacturing and R&D facility in Wuhan, serving global markets.
September: Relocation of ZF LIFETEC's Asia-Pacific headquarters to Anting, Shanghai, integrating R&D and operations for enhanced market responsiveness.
December: Groundbreaking of the Xi'an gas generator expansion and R&D center—a globally advanced facility consolidating ZF LIFETEC's leadership in airbag and lifter technology.
Dr. Song Ninghua, Head of ZF LIFETEC Asia-Pacific, stated: "We remain confident in China's market potential and are committed to strengthening our R&D and operational capabilities here. By expanding our innovation boundaries, we aim to develop and launch industry-leading products tailored for China. Moving forward, we will continue scaling investments in China, aligning with the nation's automotive transformation and industrial upgrading through speed, efficiency, and quality."
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