Schaeffler Sells Chinese Turbocharger Business to Xiling
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Schaeffler AG has agreed to sell its Chinese turbocharger business, part of Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology. This decision aligns with Schaeffler's strategy to streamline its portfolio post-Vitesco acquisition. The business generated around 100 million euros in revenue last fiscal year and employed about 50 staff. The sale is expected to complete in the first half of 2026, pending regulatory approvals, with measures in place to ensure project continuity for customers.
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