In 2022, drive provider Vitesco Applied sciences rotated EUR 1.1 billion, in comparison with 0.9 billion euros in 2021 with electrical drives and different parts for electrical autos.
The provider believes that electrification merchandise have gotten necessary and can quickly account for almost all of the gross sales. The corporate recorded incoming orders of EUR 14 billion within the earlier monetary yr, of which electrification merchandise accounted for EUR 10.4 billion. As of December 31, 2022, the corporate had EUR 58.5 billion on the order e book out of which 46% was within the electrification sector.
“Three quarters of our orders in 2022 got here from the electrification enterprise. That could be a new document. The transition to electrical autos is gaining momentum and is unstoppable now,” Andreas Wolf, CEO, Vitesco Applied sciences, mentioned.
At current, the previous Continental division continues to be strongly hooked up to the combustion engine and different areas. Firm-wide gross sales in 2022 stood at EUR 9.07 billion. With EUR 1.1 billion from electrification merchandise, leading to an EV share of 12.1% of gross sales. On the premise of incoming orders, it’s anticipated that this share will go up considerably.
That is additionally indicated by the expansion within the Electrification Expertise enterprise unit, the place turnover elevated by 17.6% to EUR 692 million. This improvement was pushed “by the excessive demand for high-voltage electrical drives and energy electronics, in China and Germany”.
The remaining gross sales of electrification merchandise got here from the Digital Controls and Sensing & Actuation models. The corporate goals to attain electrification gross sales of EUR 5 billion. In line with the assertion, about 90% of it’s already on the order e book.
The Electrification Expertise enterprise unit of the corporate will not be but worthwhile. “Regardless of continued excessive upfront prices for future initiatives”, the division’s adjusted working end result improved to -EUR 257.7 million, Vitesco mentioned. In 2021, there was nonetheless a distinction of EUR 273 million. The Digital Controls (EUR 3.9 billion turnover, 1EUR 66.2 million adjusted working end result) and Sensing & Actuation (EUR 3.5 billion turnover, EUR 328 million adjusted working end result) divisions are within the black.
