Autozulieferer: Schaeffler schreibt 240 Millionen Euro auf E-Mobilität ab

Automotive and industrial supplier Schaeffler has written off €240 million from its E-Mobility division. CEO Klaus Rosenfeld cited weaker-than-expected sales with European manufacturers in China as the primary reason for the move. Rosenfeld explained that they plan to grow in E-Mobility in China mainly through partnerships with Chinese manufacturers.

He noted that European customers were shunning European cars and increasingly accessing offerings from domestic Chinese companies. Despite this, the business with electric drives remained the only growth area among Schaeffler's four classic divisions, with sales increasing by €0.2 billion to €3.9 billion compared to the previous year.

Rosenfeld sees favorable conditions for E-Mobility in Europe currently, citing high oil prices and attractive subsidy conditions. The company's maintenance business for drives (Lifetime Solutions) and industrial business, including components for wind energy, both stagnated in the first nine months. The classical drive business for combustion engines declined, with sales falling from €6.7 billion to €6.3 billion.

Overall, sales across all divisions decreased by €0.2 billion to €17.5 billion. Rosenfeld remains optimistic about new growth areas such as armament, space, and the production of components for humanoid robots, which currently have contracts worth €400 million, with two new Chinese customers added. Schaeffler is on track with its transformation plan, as 1,800 employees have already accepted early retirements, exceeding the initially targeted 1,300.

The company is also accelerating its plan to voluntarily reduce 4,700 jobs by the end of 2029, having already achieved 3,715 positions as of September 30, 2026.