Beijing (Gasgoo)- On Nov. 4, Schaeffler Group signed an agreement to sell its China-based turbocharger business to Chengdu Xiling Power Science & Technology Incorporated Company ("Xiling"), a Chinese turbocharger technology company. The move marks another step in Schaeffler's restructuring strategy announced on Sept. 16, 2025.
Photo credit: Schaeffler
The business—Vitesco Automotive (Shanghai) Co., Ltd.—was integrated into Schaeffler following the acquisition of Vitesco Technologies in 2024. It employs about 50 staff and generated approximately €100 million in sales in the 2024 fiscal year, though performance has since declined.
After a competitive bidding process, Xiling was selected as Schaeffler's preferred strategic partner. Through this acquisition, Xiling aims to strengthen its presence among international OEM clients. Both parties have agreed on a series of measures to ensure smooth continuity of supply and minimize any disruption to existing production and customer programs.
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions.
Schaeffler CEO Klaus Rosenfeld said the sale represents "an important step following our acquisition of Vitesco Technologies, allowing us to focus on business areas with long-term competitive advantage." He added that Schaeffler will continue optimizing its global portfolio in line with its transformation roadmap.
